ACCOUNTABILITY | NOTES TO THE FINANCIAL STATEMENTS 261 INTEGRATED ANNUAL REPORT 2026 44. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) (a) Market risk (continued) (ii) Foreign currency risk (continued) The Group is also exposed to currency translation risk arising from its net investment in foreign operations primarily in Labuan, Singapore, Norway, Republic of the Marshall Islands, British Virgin Islands, Brazil, India, the Netherlands, Angola, New Zealand, and Peru. Except as disclosed in Note 44(a)(ii), the Group’s investments in its foreign subsidiaries, joint ventures, joint operations and associates are not hedged as the currency position in these investments is considered to be long term in nature. The currency profile of monetary financial assets and financial liabilities are as follows: Group Denominated in currencies other than the entities’ functional currencies Malaysian Ringgit RM million United States Dollar RM million Others RM million Denominated in functional currencies RM million Total RM million 2026 Other investments - - - 912 912 Receivables - 31 114 1,213 1,358 Intercompany receivables 12 499 123 6,436 7,070 Cash and bank balances 17 47 24 4,440 4,528 Borrowings - - (12) (18,010) (18,022) Lease liabilities - - (32) (48) (80) Payables (4) (50) (100) (656) (810) Intercompany payables (27) (226) (4) (7,254) (7,511) Derivatives: Interest rate swaps - - - 137 137 Warrants - - - (25) (25) (2) 301 113 (12,855) (12,443) Group Denominated in currencies other than the entities’ functional currencies Malaysian Ringgit RM million United States Dollar RM million Others RM million Denominated in functional currencies RM million Total RM million 2025 Other investments - - 7 56 63 Receivables - 37 146 573 756 Intercompany receivables - 822 316 15,786 16,924 Cash and bank balances 22 19 45 2,593 2,679 Borrowings - (112) - (15,942) (16,054) Lease liabilities - - (20) (59) (79) Payables (5) (7) (126) (1,211) (1,349) Intercompany payables (56) (483) (13) (16,687) (17,239) Derivatives: Interest rate swaps - - - 342 342 Foreign exchange forward contracts - (1) - - (1) (39) 275 355 (14,549) (13,958)
RkJQdWJsaXNoZXIy NDgzMzc=