axiata group berhad | annual report 2015
230
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015
38. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED)
(e) Fair value estimation (continued)
(iii) Financial instruments in level 3
The movement of the financial instruments in level 3 has no material impact to the results of the consolidated financial statements.
(f) Offsetting financial assets and financial liabilities
The following financial assets and financial liabilities are subject to offsetting, enforceable master netting arrangements and similar agreements.
Gross
amounts
Gross amounts of recognised
(financial liabilities)/
financial assets set off
Net
amounts
RM’000
RM’000
RM’000
Group
2015
Trade receivables
668,308
(361,286)
307,022
Trade payables
(2,082,704)
361,286
(1,721,418)
2014
Trade receivables
592,609
(267,866)
324,743
Trade payables
(1,604,856)
267,866
(1,336,990)
