35. FINANCIAL INSTRUMENTS (continued) (vi) Market risk (continued) (a) Foreign currency risk (continued) Exposure to foreign currency risk The Group’s exposure to foreign currency risk, based on carrying amounts as at the end of the reporting period are as follows: Singapore Dollar United States Dollar Euro Dollar Japanese Yen India Rupee Chinese Renminbi Others* Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 2023 Carrying value Trade and other receivables 251 462,775 196,408 238 132 – 751 Intra-group receivables 1,923,053 228,769 1,175,384 – 20,271 29,749 18,253 Cash and cash equivalents 9,179 63,232 65,124 3,010 – 1,104 16,562 Loans and borrowings – (791) (730,012) – – (13,086) (766) Trade and other payables (3,055) (110,734) (17,298) (2,418) (1,413) (414) (2,300) Intra-group payables (144,267) (231,414) (1,173,809) – – (13,376) (3,062) Liabilities on put options granted to non-controlling interests – – (166,758) – – – – Lease liabilities – (243,046) (297) – – – – Foreign exchange forward contracts – 42,028 446,443 (563,397) – – – Cross currency swaps – – 28,103 – – – – 1,785,161 210,819 (176,712) (562,567) 18,990 3,977 29,438 2022 Carrying value Trade and other receivables 235 18,875 57,240 – 81 – 4,409 Intra-group receivables 90,482 224,041 324,175 – 19,050 808 386 Cash and cash equivalents 15,646 79,075 248,173 41,879 – 1,047 100,417 Loans and borrowings – (684) (656,574) – – – (683) Trade and other payables (665) (98,435) 502,861 (1,595) (51,335) – (2,657) Intra-group payables (141,936) (308,744) (232,640) – – (137) (3,351) Liabilities on put options granted to non-controlling interests – – (445,826) – (278,563) – – Lease liabilities – (254,794) (1,000) – – – – Foreign exchange forward contracts – 12,472 139,193 (299,289) – – – Cross currency swaps – – 171,656 – – – – (36,238) (328,194) 107,258 (259,005) (310,767) 1,718 98,521 * Others include mainly British Pound, Hong Kong Dollar, Malaysian Ringgit, United Arab Emirates Dirham, Mauritian Rupee and Sri Lankan Rupee (2022: Others include mainly British Pound, Hong Kong Dollar, Malaysian Ringgit, Swiss Franc, Australian Dollar and Bangladeshi Taka). Annual Report 2023 215
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