EXCEL FORCE MSC BERHAD Annual Report 2020

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2020 109 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CONT’D) 35. FINANCIAL INSTRUMENTS (a) Classification of financial instruments Financial assets and financial liabilities aremeasured 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 expense, including fair value 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 2020 Group Financial Assets Other investments - - 13,042,200 13,042,200 Trade receivables 5,847,912 - - 5,847,912 Other receivables 24,321,951 - - 24,321,951 Deposits, bank and cash and balances and short-term funds 2,977,424 19,875,977 - 22,853,401 33,147,287 19,875,977 13,042,200 66,065,464 Financial Liabilities Trade payables 281,762 - - 281,762 Other payables 5,381,988 - - 5,381,988 Lease liabilities 1,005,317 - - 1,005,317 6,669,067 - - 6,669,067 Company Financial Assets Other investments - - 13,042,200 13,042,200 Trade receivables 5,670,613 - - 5,670,613 Other receivables 24,314,131 - - 24,314,131 Amount due from subsidiary companies 157,069 - - 157,069 Deposits, bank and cash and balances and short-term funds 2,249,384 19,875,977 - 22,125,361 32,391,197 19,875,977 13,042,200 65,309,374 Financial Liabilities Trade payables 255,702 - - 255,702 Other payables 5,247,666 - - 5,247,666 Lease liabilities 1,005,317 - - 1,005,317 6,508,685 - - 6,508,685

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