Press Metal Aluminium Holdings Berhad SECTION 6 • FINANCIAL STATEMENTS 312 Notes to the Financial Statements 28. FINANCIAL INSTRUMENTS (CONT’D) 28.6 Market risk (cont’d) 28.6.1 Currency risk (cont’d) Exposure to foreign currency risk The Group’s exposure to foreign currency (a currency which is other than the functional currency of the Group entities) risk, based on carrying amounts as at the end of the reporting period is as follows: Group Functional currency Foreign currency RM AUD RM’000 RM RMB RM’000 RM USD RM’000 RM EUR RM’000 IDR USD RM’000 RMB USD RM’000 RMB EUR RM’000 RMB GBP RM’000 AUD USD RM’000 AUD RM RM’000 USD RMB RM’000 GBP RM RM’000 2024 Balances recognised in the statement of financial position Trade and other receivables 62,938 - 1,102,939 63,619 - - - - - - - - Cash and cash equivalents 21,408 129,718 331,235 132,217 230,795 10,496 3,320 5,828 - - - - Loans and borrowings - - (847,591) - - - - - - - - - Trade and other payables (43,845) (21,064) (259,681) (142) - - - - - - - - 40,501 108,654 326,902 195,694 230,795 10,496 3,320 5,828 - - - - Forecast transaction Net derivative liabilities - Cross currency swaps - - 1,900,000 - - - - - - - - - Forecast loan repayment - - (1,900,000) - - - - - - - - - Net derivative assets - Forward exchange contracts on forecast sales - 16,260 13,868,756 - - - - - 9,510 8,517 266,807 8,877 Forecast sales - (16,260) (13,868,756) - - - - - (9,510) (8,517) (266,807) (8,877) - - - - - - - - - - - - Net exposure 40,501 108,654 326,902 195,694 230,795 10,496 3,320 5,828 - - - -
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