MIGHT Financial Report 2020

41

MIGHT Directors’ Report And Audited Financial Statements 2020

16. TRADE AND OTHER PAYABLES (continued) Included in other payables of the Group and of the Company in the previous financial year were funds received by the Group and the Company which are yet to be disbursed amounting to RM37,837,882. (c)

(d)

The currency exposure profile of total payables are as follows:

GROUP

COMPANY

2019 RM

2019 RM

2020 RM

2020 RM

Ringgit Malaysia United States Dollar

50,265,623

72,675,074 52,813 72,727,887

49,353,074

71,007,410 52,813 71,060,223

-

-

50,265,623

49,353,074

Sensitivity analysis in respect of foreign currency risk is not presented as the eects are not significant to the Group and the Company. The maturity profile of the liability of the Group’s and of the Company’s trade and other payables at the end of the reporting period based on contractual undiscounted repayment obligations is summarised in the table below: (e)

ON DEMAND OR WITHIN ONE (1) YEAR

ONE (1) TO FIVE (5)YEARS

TOTAL

GROUP

RM

RM

RM

As at 31 December 2020 Trade and other payables

50,268,579

50,268,579

-

As at 31 December 2019 Trade and other payables

72,909,324

72,900,991

8,333

COMPANY

As at 31 December 2020 Trade and other payables

49,356,030

49,356,030

-

As at 31 December 2019 Trade and other payables

71,079,623

71,079,623

-

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