112
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)
United
New
Singapore
Ringgit
States Indonesian Taiwan
Dollar
Malaysia
Dollar
Rupiah Dollar
Total
The Company
RM
RM RM
RM RM RM
2014
Financial assets
Amount owing by subsidiaries
– 41,735,171
–
2,402,199
– 44,137,370
Cash and bank balances
– 2,596,825 762,925
– 34,535 3,394,285
– 44,331,996 762,925 2,402,199 34,535 47,531,655
Financial liabilities
Amount owing to subsidiaries
5,868,409
7,256 9,262,648
–
– 15,138,313
Net financial (liabilities)/assets
(5,868,409) 44,324,740 (8,499,723)
2,402,199 34,535 32,393,342
Less: Net financial assets
denominated in the entity’s
functional currency
– (44,324,740)
–
–
– (44,324,740)
Currency exposure
(5,868,409)
– (8,499,723)
2,402,199 34,535 (11,931,398)
Singapore
Ringgit
Indonesian New Taiwan
Dollar
Malaysia
Rupiah
Dollar
Total
The Company
RM
RM
RM
RM
RM
2013
Financial assets
Amount owing by subsidiaries
– 42,740,011
2,219,256
– 44,959,267
Cash and bank balances
–
213,817
–
54,120
267,937
– 42,953,828
2,219,256
54,120 45,227,204
Financial liabilities
Amount owing to subsidiaries
5,673,794
20,818
–
–
5,694,612
Net financial (liabilities)/assets
(5,673,794)
42,933,010
2,219,256
54,120 39,532,592
Less: Net financial assets
denominated in the entity’s
functional currency
– (42,933,010)
–
– (42,933,010)
Currency exposure
(5,673,794)
–
2,219,256
54,120 (3,400,418)
