Page 123 - HRC_AR2020

HENGYUAN REFINING COMPANY BERHAD I 121

18 otHer receiVaBles anD prepaYMents

2020 2019
rM’000 rM’000
Other receivables and deposits 19,593 8,602
Prepayments 7,885 8,929
Sales tax receivables 833 979
28,311 18,510

The carrying amounts of financial assets (excluding prepayments and sales tax) at the end of reporting date approximated
their fair values.

19 DeriVatiVe financial assets/(liaBilities)
The Company has the following derivative financial instruments:

2020 2019
rM’000 rM’000
current assets
Refining margin swap contracts – cash flow hedges 75,504 211,362
Refining margin swap contracts – held for trading 3,434 1,204
Commodity swap contracts – held for trading 56,185 103,194
Refining margin and commodity options – held for trading - 5,313
Forward foreign currency contracts – held for trading 57 -
135,180 321,073

non-current assets
Refining margin swap contracts – cash flow hedges - 5,087
- 5,087

current liabilities
Refining margin swap contracts – cash flow hedges 405 13,918
Refining margin swap contracts – held for trading 3,787 6,156
Commodity swap contracts – held for trading 46,920 111,498
Refining margin and commodity options – held for trading - 287
Forward foreign currency contracts – held for trading - 4,227
Forward priced commodity contracts – held for trading 2,526 -

53,638 136,086
non-current liabilities
Interest rate swap contracts – cash flow hedges 15,886 12,759
Refining margin swap contracts – cash flow hedges - 840

15,886 13,599