122 Annual Report 2025 NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2025 (CONT’D) 35. FINANCIAL INSTRUMENTS (CONT’D) (c) Financial risk management objectives and policies (cont’d) (iii) Market risks (cont’d) (b) Foreign currency risk The Group is exposed to foreign currency risk on transactions that are denominated in currencies other than the respective functional currencies of Group entities. The currencies giving rise to this risk are primarily Chinese Renminbi (RMB), United States Dollar (USD) and Singapore Dollar (SGD). The Group has not entered into any derivative instruments for hedging or trading purposes. Where possible, the Group will apply natural hedging by selling and purchasing in the same currency. However, the exposure to foreign currency risk is monitored from time to time by management to ensure that the net exposure is at an acceptable level. The carrying amounts of the Group’s and of the Company’s foreign currency denominated financial assets and financial liabilities at the end of the reporting period are as follows: Denominated in RMB USD SGD RM RM RM Group 2025 Other investments - 14,158,500 - Other receivables 15,127,020 - - Trade receivables - - 50,678 Deposits, cash and bank balances - 244,517 336 15,127,020 14,403,017 51,014 2024 Other investments - 14,158,500 - Other receivables 16,687,010 - - Deposits, cash and bank balances - 273,083 353 Trade payables - (48,564) - 16,687,010 14,383,019 353 Company 2025 Other receivables 15,127,020 - - Deposits, cash and bank balances - 244,509 336 15,127,020 244,509 336 2024 Other receivables 16,687,010 - - Deposits, cash and bank balances - 273,083 353 16,687,010 273,083 353
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