SCC Holdings Berhad Annual Report 2019

notes to the financial statement 31 december 2019 (cont’d) 93 SCC Holdings Berhad | Annual Report 2019 31. Financial Instruments (Cont’d) (b) Financial risk management (cont’d) (iii) 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”) and Pound Sterling (“GBP”). 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 GBP Total Group RM’000 RM’000 RM’000 RM’000 2019 Financial Assets Trade receivables 14 - - 14 Other receivables 39 - - 39 Cash and bank balances 867 - - 867 920 - - 920 Financial Liabilities Trade payables (674) - (1) (675) Other payables (5) - - (5) (679) - (1) (680) 2018 Financial Assets Cash and bank balances 693 - - 693 693 - - 693 Financial Liabilities Trade payables (648) (1) - (649)