My EG Services Berhad Annual Report 2020

ANNUAL REPORT 2020 213 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2020 (CONT’D) 47. FINANCIAL INSTRUMENTS (CONT’D) 47.1 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 2020 Financial Assets Trade receivables - 1,003 1,003 Other receivables - 18,389 18,389 Amount owing by subsidiaries - 697,403 697,403 Amount owing by an associate - # # Fixed deposits with licensed banks - 7,688 7,688 Cash and bank balances 727 94,885 95,612 727 819,368 820,095 Financial Liabilities Trade payables - 2,300 2,300 Other payables and accruals - 6,836 6,836 Lease liabilities - 611 611 Term loans - 128,010 128,010 Revolving credit - 20,000 20,000 - 157,757 157,757 Net financial assets 727 661,611 662,338 Less: Net financial assets denominated in the respective entities’ functional currencies - (661,611) (661,611) Currency exposure 727 - 727 # - Represents an amount less than RM1,000