Annual Report
2015
|
DAYANG ENTERPRISE HOLDINGS BHD
(712243-U)
123
32. Financial instruments (cont’d)
32.1 Categories of financial instruments (cont’d)
Carrying
L&R/
amount
(FL)
FVTPL
Note
RM
RM
RM
2014 (cont’d)
Financial liabilities
Group
Loans and borrowings
17 (153,869,563) (153,869,563)
-
Trade and other payables
19 (189,069,572) (189,069,572)
-
(342,939,135) (342,939,135)
-
Company
Trade and other payables
19
(312,022)
(312,022)
-
32.2 Net gains and losses arising from financial instruments
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Net gains/(losses) arising on:
Financial assets at fair value through
profit or loss
- held for trading
1,302,635
857,033 1,302,635
857,033
Loans and receivables
10,401,044 3,148,733 2,754,427 3,065,411
Financial liabilities measured at
amortised cost
(73,130,096) (7,685,535) (15,494,714)
(675,123)
(61,426,417)
(3,679,769) (11,437,652)
3,247,321
32.3 Financial risk management
The Group and the Company are exposed to the following risks from their use of financial instruments:
• Credit risk
• Liquidity risk
• Market risk
a) Credit risk
Credit risk is the risk of a financial loss to the Group if a customer or counterparty to a financial
instrument fails to meet its contractual obligations. The Group’s exposure to credit risk arises
principally from its receivables from customers. The Company’s exposure to credit risk arises
principally from loans and advances to subsidiaries.
Notes to the
Financial Statements
(cont’d)