NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 45 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Liquidity risk (continued) All financial liabilities of the Group and the Company that will be due and payable within the next 12 months are classified within current liabilities. The contractual cash flows of derivative financial liabilities and non-derivative financial liabilities are presented below: Within 1 year More than 1 year and less than 2 years More than 2 years and less than 5 years More than 5 years Total contractual undiscounted cash flows Total carrying amount Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 2022 Non-derivative financial liabilities Lease liabilities 33,357 28,926 66,207 199,852* 328,342 236,607 Trade and other payables 476,516 - - - 476,516 476,516 Amounts owing to joint ventures 3,493 - - - 3,493 3,493 Loans and borrowings 732,559 29,177 56,318 - 818,054 789,966 Dividend payable 10,200 - - - 10,200 10,200 1,256,125 58,103 122,525 199,852 1,636,605 1,516,782 Derivative financial liabilities Forward currency contracts Gross settled - outflow 200,998 - - - 200,998 - inflow (198,371) - - - (198,371) 2,627 - - - 2,627 2,627 1,258,752 58,103 122,525 199,852 1,639,232 1,519,409 * Lease liabilities with maturity of more than 5 years comprise of lease terms up to 10 years. Wah Seong Corporation Berhad Annual Report 2022 202
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