NOTES TO THE FINANCIAL STATEMENTS Cont’d 29. Financial instruments cont’d 29.6 Market risk cont’d 29.6.1 Currency risk cont’d Exposure to foreign currency risk cont’d Group Functional currency RM RM RM RM RM RMB RMB RMB RMB AUD HKD HKD Foreign currency AUD RMB SGD USD EUR USD EUR GBP SGD USD USD RMB RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 2021 Balances recognised in the statement of financial position Trade and other receivables 93 10,067 3,991 818,990 444 51,799 4,554 12,928 - - - - Cash and cash equivalents 109,083 9 2,927 122,757 8 16,239 1,058 10,185 1 - 2,051 444 Loans and borrowings - - - (1,954,795) - - - (76,091) - - - - Trade and other payables (18) (324,572) - (213,501) (25) (2,265) (1,303) - (2,126) - - - 109,158 (314,496) 6,918 (1,226,549) 427 65,773 4,309 (52,978) (2,125) - 2,051 444 Forecast transaction Net derivative assets - Cross currency swaps - - - 2,800,000 - - - - - - - - Forecast loan repayment - - - (2,800,000) - - - - - - - - Net derivative liabilities - Commodity swaps and options - - - 8,385,301 - - - - - - - - Net derivative assets -Forward exchange contracts on forecast sales - - - 12,771,609 - - - - - 380,931 - - Forecast sales - - - (21,133,856) - - - - - (380,931) - - - - - 23,054 - - - - - - - - Net exposure 109,158 (314,496) 6,918 (1,203,495) 427 65,773 4,309 (52,978) (2,125) - 2,051 444 PRESS METAL ALUMINIUM HOLDINGS BERHAD 293
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