Fraser & Neave Holdings Bhd Annual Report 2019

WWW . F N . C O M . M Y 196 F R A S E R & N E A V E H O L D I N G S B H D NOTES TO THE FINANCIAL STATEMENTS 29. FINANCIAL INSTRUMENTS (CONTINUED) (A) CATEGORIES OF FINANCIAL INSTRUMENTS (CONTINUED) The table below provides an analysis of financial instruments as at 30 September 2018 categorised as follows: (i) Fair value through profit or loss (“FVTPL”) – Designated upon initial recognition; (ii) Loans and receivables (“L&R”); and (iii) Financial liabilities measured at amortised cost (“FL”) 2018 Note Carrying amount RM’000 FVTPL RM’000 L&R RM’000 FL RM’000 Financial assets Group Trade and other receivables 29.1 555,036 – 555,036 – Derivative financial assets 13 60 60 – – Cash and cash equivalents 14 537,092 – 537,092 – 1,092,188 60 1,092,128 – Company Other receivables 11 351,792 – 351,792 – Cash and cash equivalents 14 124,509 – 124,509 – 476,301 – 476,301 – Financial liabilities Group (restated) Trade and other payables 29.2 579,111 – – 579,111 Derivative financial liabilities 13 140 140 – – Loans and borrowings 16 335,524 – – 335,524 914,775 140 – 914,635 Company Other payables 19 858 – – 858 29.1 Trade and other receivables amounting to RM33,263,000 (2018: RM49,608,000) are not regarded as financial assets. These include prepayments, deposits paid, sales tax refund receivable and other tax recoverable. 29.2 Trade and other payables amounting to RM56,951,000 (2018: RM48,119,000) are not regarded as financial liabilities. These include contract liabilities, provision for unconsumed annual leave and other tax payable. (B) NET GAINS AND LOSSES ARISING FROM FINANCIAL INSTRUMENTS Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Net gains/(losses) on: Fair value through profit or loss – Mandatorily required by MFRS 9 (50) 1,330 – – Financial assets at amortised cost 13,177 – 28,984 – Financial liabilities at amortised cost (4,555) (15,571) – – Loans and receivables – 10,319 – 17,954 8,572 (3,922) 28,984 17,954