111
FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT 2014
NOTES TO THE
FINANCIAL STATEMENTS
(cont’d)
27. FINANCIAL INSTRUMENTS (CONT’D)
(a)
Financial Risk Management Policies (Cont’d)
(i)
Foreign currency risk (Cont’d)
Singapore
Ringgit United States Philippine New Taiwan
Dollar
Malaysia
Dollar
Peso
Dollar
Others*
Total
The Group
RM
RM
RM
RM
RM
RM
RM
2013
Financial assets
Trade receivables
20,177,934 12,473,304 9,466,950
444,181 26,977,920 1,736,201 71,276,490
Other receivables and deposits
1,309,003
954,686
22,472
703,767
470,330
548,814 4,009,072
Amount owing by associates
1,323,666
–
23,003
–
–
–
1,346,669
Fixed deposits with licensed banks
432,838 1,038,757
–
–
176,147
–
1,647,742
Cash and bank balances
4,184,038 5,983,962 10,672,434
69,682 13,283,373 1,270,327 35,463,816
27,427,479 20,450,709 20,184,859 1,217,630 40,907,770 3,555,342 113,743,789
Financial liabilities
Trade payables
10,330,822 2,072,326 1,580,653
608,457 6,123,926
653,939 21,370,123
Other payables
3,925,260 1,905,191
42,921
250,451 18,358,605
591,980 25,074,408
Bank borrowings
- Term loans
11,207,865 6,190,240
–
– 11,958,744
– 29,356,849
- Short term borrowings
2,594,300
500,000
–
–
–
–
3,094,300
Hire purchase payables
2,392,783 1,439,655
–
–
–
–
3,832,438
30,451,030 12,107,412 1,623,574
858,908 36,441,275 1,245,919 82,728,118
Net financial (liabilities)/assets
(3,023,551)
8,343,297 18,561,285
358,722 4,466,495 2,309,423 31,015,671
Less: Net financial liabilities/(assets)
denominated in the respective
entities’ functional currencies
4,865,818 (8,343,297)
5,140
(358,722)
(4,412,375)
(2,309,423)
(10,552,859)
Currency exposure
1,842,267
– 18,566,425
–
54,120
– 20,462,812
* Denominated in Chinese Renminbi and Indonesian Rupiah.
