EXCEL FORCE MSC BERHAD Annual Report 2020

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2020 112 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CONT’D) 35. FINANCIAL INSTRUMENTS (CONT’D) (b) Financial risk management objectives and policies (Cont’d) (ii) Liquidity risk (Cont’d) The following table analyses the remaining contractual maturity for financial liabilities. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Group and the Company can be required to pay. On demand orwithin 1 year 1 to 2 years 2 to 5 years Total contractual cash flows Total carrying amount RM RM RM RM RM 2020 Group Non-derivative financial liabilities Trade payables 281,762 - - 281,762 281,762 Other payables 5,381,988 - - 5,381,988 5,381,988 Lease liabilities 363,074 363,074 332,819 1,058,967 1,005,317 6,026,824 363,074 332,819 6,722,717 6,669,067 Company Non-derivative financial liabilities Trade payables 255,702 - - 255,702 255,702 Other payables 5,247,666 - - 5,247,666 5,247,666 Lease liabilities 363,074 363,074 332,819 1,058,967 1,005,317 5,866,442 363,074 332,819 6,562,335 6,508,685 On demand orwithin 1 year Total contractual cash flows Total carrying amount RM RM RM 2019 Group Non-derivative financial liabilities Trade payables 746,293 746,293 746,293 Other payables 2,353,750 2,353,750 2,353,750 Lease liabilities 359,262 359,262 353,091 3,459,305 3,459,305 3,453,134 Company Non-derivative financial liabilities Trade payables 720,233 720,233 720,233 Other payables 2,258,432 2,258,432 2,258,432 Lease liabilities 359,262 359,262 353,091 3,337,927 3,337,927 3,331,756