NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) C15 Classification and fair value of financial instruments Carrying amount Group Amortised cost FVTPL Fair value – hedging instruments $’000 $’000 $’000 2024 Financial assets measured at fair value Investments – 5,364 – Associates – 8,208 – Derivative financial instruments – 8,337 11,655 – 21,909 11,655 Financial assets at amortised cost Trade receivables 1,497,769 – – Amounts due from related parties 126,875 – – Advances and other receivables 98,600 – – Bank balances and other liquid funds 430,642 – – 2,153,886 – – Financial liabilities measured at fair value Derivative financial instruments – (26,408) (35,281) Financial liabilities at amortised cost Trade payables and accruals – – – Amounts due to related parties – – – Borrowings – – – – – – 194 ST ENGINEERING | ANNUAL REPORT 2024
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