Page 180 - MSM_AR2020

CHAIRMAN’S DELIVERING MSM MANAGEMENT DISCUSSION GROUP FINANCIAL
STATEMENT VALUE OVERVIEW & ANALYSIS REPORT

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

9 OTHER (LOSSES)/GAINS – NET – CONTINUING OPERATIONS
Group Company
2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000
Unrealised fair value (losses)/gains-net
- Sugar futures contract - 2,388 - -
- Foreign currency exchange forward contracts (929) 68 - -
(929) 2,456 - -
178 Realised fair value (losses)/gains-net
- Foreign currency exchange forward contracts 16 (133) - -
- Sugar futures contract (1,903) 2,676 - -
MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
(2,816) 4,999 - -

10 FINANCE INCOME AND COSTS – CONTINUING OPERATIONS
Group Company
2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000
Finance income:
Interest income 3,835 4,032 - -

Finance costs:
Interest on:
- bankers’ acceptances (11,881) (17,293) - -
- term loans* (23,374) (69,178) (23,374) (69,178)
- loan due to a related company (2,383) (3,012) (1,352) (1,109)
- loan due to a subsidiary - - (4,120) (3,440)
- lease liabilities (241) (315) (63) (117)

(37,879) (89,798) (28,909) (73,844)
Amount capitalised on qualifying assets
- property, plant and equipment (Notes 17, 36) 1,095 7,670 - -
(36,784) (82,128) (28,909) (73,844)

* Term loan finance costs for the Group and Company includes loan modification credit of RM11,695,000
(2019: loan modification cost of RM26,818,000).