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 (continued) Carrying amount Group Amortised cost Mandatorily at FVTPL Fair value – hedging instruments $’000 $’000 $’000 2019 Financial assets measured at fair value Investments – – – Associates – 23,328 – Derivative financial instruments – 7,591 11,795 – 30,919 11,795 Financial assets not measured at fair value Trade receivables 1,247,549 – – Amounts due from related parties 40,467 – – Advances and other receivables 122,294 – – Bank balances and other liquid funds 453,230 – – 1,863,540 – – Financial liabilities measured at fair value Derivative financial instruments – (3,067) (52,209) Financial liabilities not measured at fair value Creditors and accruals – – – Amounts due to related parties – – – Borrowings – – – – – – / ST ENG I NEER I NG 214