notes to the financial statements 31 march 2025 (cont’d.) 35. Financial instruments (cont’d.) Financial assets and financial liabilities Financial assets and financial liabiliঞes are measured either at fair value or at amorঞsed cost. The following table analyses the financial assets and liabiliঞes in the statements of financial posiঞon by the class of financial instruments to which they are assigned, and therefore by the measurement basis: GROUP COMPANY 2025 RM’000 2024 RM’000 2025 RM’000 2024 RM’000 Financial assets at amortised cost: Trade receivables (Note 21) 273,698 255,069 – – Other receivables (Note 17) * 122,992 133,507 120,001 4 Amounts owing by by subsidiaries (Note 19) – – 849,860 838,735 Cash, bank balances and deposits (Note 23) 186,953 378,119 11,475 63,384 583,643 766,695 981,336 902,123 * Excluding prepayment and good and service tax receivables GROUP COMPANY 2025 RM’000 2024 RM’000 2025 RM’000 2024 RM’000 Financial liabilities at amortised cost: Lease liabiliঞes (Note 28) 4,278 5,036 – – Loans and borrowings (Note 27) 541,919 145,370 – 20,000 Trade payables (Note 29) 132,176 148,354 – – Other payables (Note 30) 250,583 244,714 25,436 31,476 Amount owing to subsidiaries (Note 19) – – 319,270 89,228 928,956 543,474 344,706 140,704 Financial risk management objectives and policies The operaঞons of the Group are subject to a variety of financial risks, including interest rate risk, credit risk and liquidity risk. The Group’s financial risk management principal objecঞve is to minimise the Group’s exposure to risks and/or costs associated with the financing, invesঞng and operaঞng acঞviঞes. Interest rate risk The Group is exposed to interest rate risk through the impact of rate changes on interest bearing borrowings. The interest rates for loans and borrowings and lease liabiliঞes are disclosed in Note 27 and Note 28 respecঞvely. Interest rate for lease liabiliঞes, is fixed at the incepঞon of the financing arrangement and amount owing to ulঞmate holding company is managed using cross currency interest rate swap. 213 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 07 FINANCIAL STATEMENTS
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