Page 322 - MSM_AIR2021

320 MSM MALAYSIA HOLDINGS BERHAD WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOW WE OPERATE
ANNUAL INTEGRATED REPORT 2021

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021

9 OTHER GAINS/(LOSSES) – NET – CONTINUING OPERATIONS
Group Company
2021 2020 2021 2020
RM’000 RM’000 RM’000 RM’000

Unrealised fair value (losses)/gains-net
- Sugar futures contract (963) - - -
- Brent crude oil forward option (2,133) - - -
- Foreign currency exchange forward contracts 276 (929) - -
(2,820) (929) - -
Realised fair value gains/(losses)-net
- Sugar futures contract 13,005 (1,903) - -
- Foreign currency exchange forward contracts 851 16 - -
13,856 (1,887) - -
Liquidation of excess raw sugar contracts 30,962 - - -
41,998 (2,816) - -

10 FINANCE INCOME AND COSTS – CONTINUING OPERATIONS
Group Company
2021 2020 2021 2020
RM’000 RM’000 RM’000 RM’000
Finance income:
Interest income 2,587 3,835 - -

Finance costs:
Interest on:
- bankers’ acceptances (9,988) (11,881) - -
- term loans* (37,279) (23,374) (37,279) (23,374)
- loan due to a related company (417) (2,383) (124) (1,352)
- loan due to a subsidiary - - (4,927) (4,120)
- lease liabilities (241) (241) (57) (63)
(47,925) (37,879) (42,387) (28,909)
Amount capitalised on qualifying assets
- property, plant and equipment (Notes 17, 36) 880 1,095 - -
(47,045) (36,784) (42,387) (28,909)

* Term loan finance costs for the Group and Company includes loan modification cost of RM9,749,080 (2020: loan modification
credit of RM11,695,000).