EXCEL FORCE MSC BERHAD 111 Notes to the Financial Statements (Cont’d) 35. Financial Instruments (a) Classification of financial instruments Financial assets and financial liabilities are measured on an ongoing basis either at fair value or at amortised cost. The principal accounting policies in Note 3 describe how the classes of the financial instruments are measured, and how income and expense, including fair value gains and losses, are recognised. The following table analyses the financial assets and liabilities in the statements of financial position by the class of financial instruments to which they are assigned, and therefore by the measurement basis: At amortised cost At FVTPL At FVTOCI Total RM RM RM RM Group 30.6.2023 Financial Assets Other investments - - 10,765,275 10,765,275 Trade receivables 2,766,430 - - 2,766,430 Other receivables 21,535,991 - - 21,535,991 Deposits, cash and bank balances and short-term funds 28,531,516 2,639,206 - 31,170,722 52,833,937 2,639,206 10,765,275 66,238,418 Financial Liabilities Trade payables 352,851 - - 352,851 Other payables 2,845,407 - - 2,845,407 Lease liabilities 632,211 - - 632,211 3,830,469 - - 3,830,469 31.12.2021 Financial Assets Other investments - - 17,801,700 17,801,700 Trade receivables 3,191,388 - - 3,191,388 Other receivables 21,391,999 - - 21,391,999 Deposits, cash and bank balances and short-term funds 21,916,005 10,440,367 - 32,356,372 46,499,392 10,440,367 17,801,700 74,741,459 Financial Liabilities Trade payables 369,234 - - 369,234 Other payables 4,125,128 - - 4,125,128 Lease liabilities 672,117 - - 672,117 5,166,479 - - 5,166,479
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