MSM Malaysia Holdings Berhad Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 39 FINANCIAL INSTRUMENTS (CONTINUED) The analysis of classification of financial instruments are as follows: (continued) Liabilities at Liabilities at fair value amortised cost through profit or loss Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Financial liabilities Non-current liabilities Borrowings 605,153 556,284 - - Lease liabilities 1,231 1,864 - - Payables - 32 - - Derivatives financial liabilities - - 4,968 - 606,384 558,180 4,968 - Current liabilities Payables (excluding GST payables) 2,155 2,778 - - Amounts due to subsidiaries 680 343 - - Amounts due to other related companies 61 140 - - Loan due to a subsidiary 94,758 72,394 - - Loan due to a related company 37,116 - - - Amount due to ultimate holding company 5,852 4,678 - - Borrowings 98,475 319,254 - - Lease liabilities 750 906 - - 239,847 400,493 - - Total financial liabilities 846,231 958,673 4,968 - 40 SEGMENT INFORMATION Operating segments are reported in a manner consistent with the internal management reporting provided to the chief operating decision maker (CODM). The CODM who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the Group Chief Executive Officer. The Group Chief Executive Officer considers the business primarily a product perspective. The reportable operating segments have been identified as follows: (i) Sugar - sugar refining and sales, marketing of refined sugar and commodity trading (ii) Palm oil, rubber and mango – palm oil, rubber and mango plantation Reconciliation represents income and expenses related to the corporate office, which is the investment holding entity. Included in reconciliation are cash and cash equivalents, accruals of the holding company. The Group Chief Executive Officer, which is the chief operating decision maker, reviews the internal management reports on a basis that is consistent with the presentation as per the statement of comprehensive income. 215 FINANCIAL STATEMENTS 08