My EG Services Berhad Annual Report 2019

ANNUAL REPORT 2019 183 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2019 (CONT’D) FINANCIAL STATEMENTS 51. FINANCIAL INSTRUMENTS (CONT’D) 51.1 FINANCIAL RISK MANAGEMENT POLICIES (cont’d) (a) Market Risk (cont’d) (i) Foreign Currency Risk (cont’d) Foreign Currency Exposure (cont’d) Singapore Dollar Ringgit Malaysia Total RM’000 RM’000 RM’000 The Company 30.9.2018 Financial Assets Trade receivables - 340 340 Other receivables - 5,554 5,554 Amount owing by subsidiaries - 318,044 318,044 Amount owing by a joint venture - 13 13 Fixed deposits with licensed banks - 7,250 7,250 Cash and bank balances 148 25,852 26,000 148 357,053 357,201 Financial Liabilities Trade payables - 887 887 Other payables and accruals - 5,989 5,989 Term loans - 107,524 107,524 Revolving credit - 10,000 10,000 - 124,400 124,400 Net financial assets 148 232,653 232,801 Less: Net financial assets denominated in the respective entities’ functional currencies - (232,653) (232,653) Currency exposure 148 - 148