EXCEL FORCE MSC BERHAD Annual Report 2019

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2019 106 notes to the financial statements 31 december 2019 (cont’d) 34. Segment Information (Cont’d) Major customers The following are major customers with revenue equal to or more than 10% of the Group revenue: Revenue Segment 2019 2018 RM RM Company A 3,210,560 2,703,285 Application services provider and application solutions division Company B 2,631,843 2,790,773 Application services provider and application solutions division Company C 2,227,872 2,269,634 Application services provider and application solutions division 35. 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: At amortised cost At FVTPL At FVTOCI Total RM RM RM RM 2019 Financial Assets Group Other investment - - 13,703,850 13,703,850 Trade receivables 5,348,287 - - 5,348,287 Other receivables 24,274,482 - - 24,274,482 Deposits, bank and cash balances and short-term fund 2,987,488 19,801,575 - 22,789,063 32,610,257 19,801,575 13,703,850 66,115,682 Company Other investment - - 13,703,850 13,703,850 Trade receivables 5,142,026 - - 5,142,026 Other receivables 24,268,099 - - 24,268,099 Amount due from subsidiary companies 763,909 - - 763,909 Deposits, bank and cash balances and short-term fund 1,928,191 19,801,575 - 21,729,766 32,102,225 19,801,575 13,703,850 65,607,650