Wah Seong Corporation Berhad Annual Report 2021 168 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 19 AMOUNTS OWING BY/(TO) JOINT VENTURES (CONTINUED) (b) Amounts owing to joint ventures Group 2021 2020 RM’000 RM’000 Trade accounts 1,296 4,745 Non-trade accounts 314 394 1,610 5,139 Trade accounts are unsecured, interest free and repayable within 30 to 90 days. Non-trade accounts are unsecured, interest free and repayable on demand. The Group’s amounts owing to joint ventures exposure to foreign currency (a currency which is other than the functional currency of the Group entities) risk were: Group 2021 2020 RM’000 RM’000 - Japanese Yen 1,296 4,745 20 DERIVATIVE FINANCIAL ASSETS/(LIABILITIES) Contract/ notional amount Assets Liabilities Group RM’000 RM’000 2021 Current Non-hedging derivatives Financial instruments at fair value through profit or loss - Forward currency contracts RM 33,817,461 USD 17,323,133 CNY 10,344,400 SGD 5,591,700 EUR 2,320,143 135 (533) 2020 Current Non-hedging derivatives Financial instruments at fair value through profit or loss - Forward currency contracts USD19,088,636 2,256 (99) The Company did not hold any derivative financial instruments as at 31 December 2021 (2020: nil).
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