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HENGYUAN REFINING COMPANY BERHAD I 107

4 financial risK ManaGeMent oBJectiVes anD policies (continued)

(c) liquidity and cash flow risks (continued)
total
Between Between contractual total
Within 1 to 2 to undiscounted carrying
1 year 2 years 5 years cash flows amount
at 31 December 2019 rM’000 rM’000 rM’000 rM’000 rM’000
non-derivative financial liabilities
Trade and other payables excluding
statutory liabilities 1,900,454 - - 1,900,454 1,900,454
Lease liabilities 8,391 8,423 16,171 32,985 30,757
Amounts due to immediate holding
company and related company 23,749 - - 23,749 23,749
Borrowings 824,082 111,665 505,233 1,440,980 1,381,913
2,756,676 120,088 521,404 3,398,168 3,336,873

Derivative financial liabilities
Refining margin swap contracts 20,074 840 - 20,914 20,914
Refining margin and commodity options 287 - - 287 287
Commodity swap contracts 111,498 - - 111,498 111,498
Interest rate swap contracts - - 12,759 12,759 12,759
Forward foreign currency contracts (gross settled)
– inflow (326,668) - - (326,668) (326,668)
– outflow 330,895 - - 330,895 330,895
136,086 840 12,759 149,685 149,685
2,892,762 120,928 534,163 3,547,853 3,486,558