SCC Holdings Berhad Annual Report 2017

78 SCC Holdings Berhad (511477-A) | Annual Report 2017 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2017 (CONT’D) 30. Financial Instruments (Cont’d) (b) Financial risk management objectives and policies (cont’d) (ii) Liquidity risk (cont’d) On demand or within 1 year 1 to 2 years Total contractual cash flows Total carrying amount RM’000 RM’000 RM’000 RM’000 Company 2017 Non-derivative financial liabilities Other payables 2,392 - 2,392 2,604 2016 Non-derivative financial liabilities Other payables 2,262 - 2,262 2,353 (ii) Market risks (a) Foreign currency exchange risk The Group is exposed to foreign currency risk through normal trading activities on sales transactions that are denominated in a currency other than the respective functional currencies of Group entities. The currencies giving rise to this risk are primarily United States Dollar (USD), Euro Dollar (EUR), Bruneian Dollar (BND) and Singapore Dollar (SGD). Foreign currency risk is monitored closely on an ongoing basis to ensure the net exposure is at an acceptable level. 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 was: USD EUR BND SGD Total RM’000 RM’000 RM’000 RM’000 RM’000 Group 2017 Financial Assets Trade receivables - - - 14 14 Cash and bank balances 1,757 - - - 1,757 1,757 - - 14 1,771 Financial Liabilities Trade payables 93 17 1 - 111 2016 Financial Assets Cash and bank balances 117 - - - 117 Financial Liabilities Trade payables 2,080 16 - - 2,096