notes to the financial statements
for the financial year ended 31 December 2014 (Continued)
51 FINANCIAL RISKMANAGEMENT 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
Total contractual
undiscounted
cash flows
Total carrying
amount
RM'000
RM'000
RM'000
RM'000
RM'000
Group
2014
Non-derivative financial liabilities
Trade and other payables
505,220
-
-
505,220
505,220
Amounts owing to joint ventures
5,384
-
-
5,384
5,384
Loans and borrowings
883,804
69,229
72,499
1,025,532
1,015,810
1,394,408
69,229
72,499
1,536,136
1,526,414
Derivative financial liabilities
Forward currency contracts
Gross settled
- outflow
137,970
-
-
137,970
- inflow
(133,835)
-
-
(133,835)
4,135
-
-
4,135
4,135
1,398,543
69,229
72,499
1,540,271
1,530,549
2013
Non-derivative financial liabilities
Trade and other payables
357,208
-
-
357,208
357,208
Amounts owing to joint ventures
4,990
-
-
4,990
4,990
Amount owning to an associate
32
-
-
32
32
Dividend payable
1,961
-
-
1,961
1,961
Loans and borrowings
654,262
90,118
102,196
846,576
829,376
1,018,453
90,118
102,196
1,210,767
1,193,567
Derivative financial liabilities
Forward currency contracts
Gross settled
- outflow
102,606
-
-
102,606
- inflow
(101,741)
-
-
(101,741)
865
-
-
865
865
1,019,318
90,118
102,196
1,211,632
1,194,432
168
Wah Seong Corporation Berhad • Annual Report 2014
