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106 I 2020 ANNUAL REPORT I financial reports

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 (CONTINuED)

4 financial risK ManaGeMent oBJectiVes anD policies (continued)
(c) liquidity and cash flow risks (continued)
The Company obtained an additional accounts receivable factoring facility from bank during the financial year.
This facility may be drawn at any time and may be terminated by the bank with written notice.
As at 31 December 2020, there are outstanding borrowings amounting to RM799,807,000 (2019: RM1,381,913,000)
as disclosed in Note 26.
All financial liabilities of 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:
total
Between Between contractual total
Within 1 to 2 to undiscounted carrying
1 year 2 years 5 years cash flows amount
at 31 December 2020 rM’000 rM’000 rM’000 rM’000 rM’000
non-derivative financial liabilities
Trade and other payables excluding
statutory liabilities 1,291,309 - - 1,291,309 1,291,309
Lease liabilities 8,402 8,367 7,786 24,555 23,518
Amounts due to immediate holding
company and related company 14,317 - - 14,317 14,317
Borrowings 261,725 248,635 308,484 818,844 799,807
1,575,753 257,002 316,270 2,149,025 2,128,951

Derivative financial liabilities
Refining margin swap contracts 4,192 - - 4,192 4,192
Forward priced commodity contracts 2,526 - - 2,526 2,526
Commodity swap contracts 46,920 - - 46,920 46,920
Interest rate swap contracts - - 15,886 15,886 15,886
53,638 - 15,886 69,524 69,524

1,629,391 257,002 332,156 2,218,549 2,198,475