139 AUDITED FINANCIAL STATEMENTS 2021 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 30 DERIVATIVE FINANCIAL ASSETS/(LIABILITIES) Group 2021 2020 Contract/ Contract/ notional notional amount Assets Liabilities amount Assets Liabilities RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Non-current Islamic profit rate swap 208,333 – 3,571 416,667 – 10,163 Current Foreign currency forward contracts 418,293 1,978 653 529,402 9,561 929 Palm oil futures contracts 13,275 1,561 – 306,257 4,500 – Sugar futures contracts 1,882 – 963 – – – Brent crude oil futures contracts 4,155 – 2,133 – – – 437,605 3,539 3,749 835,659 14,061 929 645,938 3,539 7,320 1,252,326 14,061 11,092 The Group classifies derivative financial instruments as financial assets/liabilities at fair value through profit or loss. The Islamic profit rate swap is accounted for as cash flow hedge. The notional amount of contracts outstanding are as follows: 2021 2020 Foreign currency forward contracts USD99,700,083 USD129,378,817 Brent crude oil futures contracts USD997,560 – Palm oil futures contracts 2,925 MT 127,250 MT Sugar futures contracts 51 MT –
RkJQdWJsaXNoZXIy NDgzMzc=