NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2023 (cont’d) 45. FINANCIAL INSTRUMENTS (CONT’D) (b) Financial risk management objectives and policies (Cont’d) (iii) Market risk (Cont’d) (a) Foreign currency risk (Cont’d) The carrying amounts of the Group’s and the Company’s foreign currency denominated financial assets and financial liabilities at the end of the reporting periods are as follows: (Cont’d) AUD USD SGD PHP IDR CNY Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Group (Cont’d) 2022 Financial assets Other receivables - - - - 11 - 11 Amount due from joint ventures - - - 2,509 - - 2,509 Fixed deposits with licensed banks - 2,120 - - - - 2,120 Cash and bank balances - 16 35 - 4 - 55 - 2,136 35 2,509 15 - 4,695 Financial liabilities Trade payables - (3,816) - - - - (3,816) Other payables - - - - (16) - (16) Term loans (81,767) - - - - - (81,767) Revolving credit - (20,600) - - - - (20,600) (81,767) (24,416) - - (16) - (106,199) Net financial (liabilities)/ assets (81,767) (22,280) 35 2,509 (1) - (101,504) AUD SGD Total RM’000 RM’000 RM’000 Company 2023 Financial asset Cash and bank balances - 10 10 Financial liability Term loans (66,766) - (66,766) Net financial (liabilities)/assets (66,766) 10 (66,756) 2022 Financial asset Cash and bank balances - 35 35 Financial liability Term loans (81,767) - (81,767) Net financial (liabilities)/assets (81,767) 35 (81,732) ANNUAL REPORT 2023 249 (iii) Market risk (a) Foreign currency risk FINANCIAL STATEMENTS
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