Page 107 - Annual Report 2021

30. Financial instruMEnts (cOnt’D)
30.1 CATEGORIES OF FINANCIAL INSTRUMENTS

the group the company
2021 2020 2021 2020
rM rM rM rM

Financial liabilities

Amortised Cost
Trade payables (Note 20) 18,876,045 17,537,153 - -
Other payables and accruals (Note 21) 25,507,369 16,497,108 8,236,946 2,659,548
Amount owing to holding entity (Note 13) 32,295,267 32,669,582 14,998,171 16,691,129
Amount owing to related parties (Note 15) 5,198,978 6,664,524 - -
81,877,659 73,368,367 23,235,117 19,350,677

30.2 FAIR VALUE INFORMATION
The methods used in determining the fair values of financial instruments recognised on the statements of financial
position are disclosed in their respective notes to the financial statements.

31. signiFicant EVEnts During tHE Financial YEar
The World Health Organisation (“WHO”) declared the 2019 Novel Coronavirus infection (“COVID- 19”) a global
pandemic on 11 March 2020. The Government of Malaysia had imposed the Movement Control Order (“MCO”) on
18 March 2020. The MCO was subsequently extended with different phases enacted nationwide. On 15 June 2021,
the Government further introduced the National Re- covery Plan (“NRP”) to help the country to emerge from the
COVID-19 pandemic while continuing to control the spread of the infection.

Annual Report 2021 107