EXCEL FORCE MSC BERHAD Annual Report 2018

109 ANNUAL REPORT 2018 32. 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 Financial assets Fair value liabilities measured at through measured at amortised cost profit or loss amortised cost Total RM RM RM RM Group 2018 Financial Assets Trade receivables 5,226,119 - - 5,226,119 Other receivables 337,464 - - 337,464 Deposits, bank and cash balances and short term funds 3,663,212 26,149,369 - 29,812,581 9,226,795 26,149,369 - 35,376,164 Financial Liabilities Trade payables - - 265,867 265,867 Other payables - - 10,184,788 10,184,788 - - 10,450,655 10,450,655 Financial Loans Fair value liabilities and through measured at receivables profit or loss amortised cost Total RM RM RM RM 2017 Financial Assets Trade receivables 3,150,120 - - 3,150,120 Other receivables 417,212 - - 417,212 Deposits, bank and cash 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 Notes To The Financial Statements 31 December 2018 (cont’d)