Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 17 AMOUNTS OWING BY/(TO) JOINT VENTURES (CONTINUED) (b) Amounts owing to joint ventures Group 2023 2022 RM’000 RM’000 Trade accounts 7,341 3,247 Non-trade accounts 232 246 7,573 3,493 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 2023 2022 RM’000 RM’000 - Japanese Yen 6,914 2,887 - China Renminbi 659 605 18 DERIVATIVE FINANCIAL ASSETS/(LIABILITIES) Contract/ notional amount Assets Liabilities RM’000 RM’000 Group 2023 Current Derivative instruments at fair value through profit or loss - Forward currency contracts RM 42,523,000 SGD 42,099,000 USD 11,240,000 AUD 211,000 EUR 200,000 154 (4,100) 241 Wasco Berhad
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