MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS MISC BERHAD | Annual Report 2017 294 37. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONT'D.) (d) Credit risk (cont'd.)   Group    Corporation  2017   2016   2017   2016   RM'000   RM'000   RM'000   RM'000  LNG 201,568  17,938  193,826  150,111  Petroleum  367,956  428,947  -  -  Offshore 1,017,533  1,482,297  2,467   13,589  Heavy Engineering 217,453  193,280  -  -  Others 12,097  18,929  -  -  1,816,607  2,141,391  196,293  163,700  At reporting date, approximately 3.0% (2016: 2.6%) and 90.7% (2016: 61.7%) of the Group’s and the Corporation's trade and other receivables were due from related parties. Other financial assets With respect to credit risk arising from the other financial assets of the Group, the Group's exposure to credit risk arises from default of the counterparty, with a maximum exposure represented by the carrying amount of these instruments.