EXCEL FORCE MSC BERHAD Annual Report 2017

102 30. Financial Instruments (a) Classification of financial instruments Financial assets and financial liabilities are measured on an ongoing basis either at fair value or at amortised cost. The principal accounting policies in Note 3 describe how the classes of the financial instruments are measured and how income and expenses including fair values gains and losses are recognised. The following table analyses the financial assets and liabilities in the statements of financial position by the class of financial instruments to which they are assigned and therefore by the measurement basis: Financial Loans Fair value liabilities and through measured at receivables profit or loss amortised cost Total RM RM RM RM Group 2017 Financial Assets Trade receivables 3,150,120 - - 3,150,120 Other receivables 417,212 - - 417,212 Cash and bank balances and short term funds 6,807,172 14,734,445 - 21,541,617 10,374,504 14,734,445 - 25,108,949 Financial Liabilities Trade payables - - 337,160 337,160 Other payables - - 2,087,480 2,087,480 Loan and borrowing - - 4,240,002 4,240,002 - - 6,664,642 6,664,642 2016 Financial Assets Trade receivables 3,282,981 - - 3,282,981 Other receivables 363,841 - - 363,841 Cash and bank balances and short term funds 7,446,233 15,882,729 - 23,328,962 11,093,055 15,882,729 - 26,975,784 Financial Liabilities Trade payables - - 460,060 460,060 Other payables - - 941,582 941,582 Loan and borrowing - - 5,221,110 5,221,110 - - 6,622,752 6,622,752 Notes To The Financial Statements 31 December 2017 (cont’d)