Fraser & Neave Holdings Bhd Annual Report 2021

13. INVENTORIES Group Note 2021 RM’000 2020 RM’000 Finished goods 239,011 184,241 Raw materials 326,243 389,977 Packaging materials 62,703 55,153 Other inventories 13.1 31,788 26,610 659,745 655,981 Recognised in profit or loss Inventories recognised as cost of sales 2,551,588 2,393,750 Inventories written o! 25 4,641 6,498 Inventories written down 25 5,721 5,215 Reversal of inventories written down 25 (1,577) (298) 13.1 Other inventories comprise engineering spares and machine consumables. 14. DERIVATIVE FINANCIAL ASSETS/#LIABILITIES$ 2021 2020 Group Nominal value ’000 Assets RM’000 Liabilities RM’000 Nominal value ’000 Assets RM’000 Liabilities RM’000 Forward foreign exchange contracts (less than 1 year) – USD – – – 4,602 1 (302) – AUD 2,356 – (166) 1,706 3 (65) – (166) 4 (367) Forward exchange contracts are used to manage the foreign currency exposures arising from the Group’s payables denominated in currencies other than the functional currencies of Group entities. Most of the forward exchange contracts have maturities of less than one year after the end of the financial year. Where necessary, the forward contracts are rolled over at maturity. 15. CASH AND CASH EQUIVALENTS Group Company 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Cash and bank balances 389,913 319,306 45,325 86,280 Short-term deposits 165,467 174,309 23,867 – 555,380 493,615 69,192 86,280 Financial Statements 211 Fraser & Neave Holdings Bhd ! Annual Report 2021