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HENGYUAN REFINING COMPANY BERHAD I 111
6 reVenUe
2020 2019
rM’000 rM’000
Sale of oil products:
- refined 7,175,066 12,634,960
- crude oil 1,081 2,357
7,176,147 12,637,317
The sale of oil products is recognised at point in time.
7 otHer incoMe
2020 2019
rM’000 rM’000
Interest income 6,217 2,262
Liquidated damages 10,187 -
Gain on modification of lease contract - 533
Gain on disposal of property, plant and equipment - 33
16,404 2,828
8 finance cost
2020 2019
rM’000 rM’000
Interest expense:
- borrowings 12,075 16,543
- amortisation of term loan commitment fees 177 166
- interest rate swaps 8,426 2,688
- lease liabilities 1,018 1,545
- factoring arrangement 351 646
- interest charged by hedging counterparties on collateral held 70 928
22,117 22,516
