ST Engineering Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) C15 Classification and fair value of financial instruments Carrying amount Group Amortised cost Mandatorily at FVTPL Fair value – hedging instruments $’000 $’000 $’000 2020 Financial assets measured at fair value Investments – – – Associates – 20,858 – Derivative financial instruments – 9,639 34,822 – 30,497 34,822 Financial assets not measured at fair value Trade receivables 1,049,368 – – Amounts due from related parties 54,852 – – Advances and other receivables 146,400 – – Bank balances and other liquid funds 730,624 – – 1,981,244 – – Financial liabilities measured at fair value Derivative financial instruments – (2,471) (20,769) Financial liabilities not measured at fair value Creditors and accruals – – – Amounts due to related parties – – – Borrowings – – – – – – / ST ENG I NEER I NG 212