NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) C15 Classification and fair value of financial instruments (continued) Carrying amount Group Amortised cost FVTPL Fair value – hedging instruments $’000 $’000 $’000 2023 Financial assets measured at fair value Investments – 15,606 – Associates – 9,970 – Derivative financial instruments – 19,251 46,433 – 44,827 46,433 Financial assets at amortised cost Trade receivables 1,592,575 – – Amounts due from related parties 96,183 – – Advances and other receivables 144,771 – – Bank balances and other liquid funds 353,337 – – 2,186,866 – – Financial liabilities measured at fair value Derivative financial instruments – (12,914) (10,351) Financial liabilities at amortised cost Trade payables and accruals – – – Amounts due to related parties – – – Borrowings – – – – – – 196 ST ENGINEERING | ANNUAL REPORT 2024
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