My EG Services Berhad Annual Report 2020

MY E.G. SERVICES BERHAD Regisration No. 200001003034 (505639-K) 214 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 Others Total RM’000 RM’000 RM’000 RM’000 The Company 2019 Financial Assets Trade receivables - 313 - 313 Other receivables - 16,205 - 16,205 Amount owing by subsidiaries - 429,771 - 429,771 Amount owing by a joint venture - - 95 95 Fixed deposits with licensed banks - 7,688 - 7,688 Cash and bank balances 113 39,781 - 39,894 113 493,758 95 493,966 Financial Liabilities Trade payables - 1,440 - 1,440 Other payables and accruals - 13,343 - 13,343 Lease liabilities - 786 - 786 Term loans - 137,749 - 137,749 Revolving credit - 20,000 - 20,000 - 173,318 - 173,318 Net financial assets 113 320,440 95 320,648 Less: Net financial assets denominated in the respective entities’ functional currencies - (320,440) - (320,440) Currency exposure 113 - 95 208