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FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT
2015
26.
FINANCIAL INSTRUMENTS (CONT’D)
(a) Financial Risk Management Policies (Cont’d)
(i)
Foreign currency risk (Cont’d)
The Group’s exposure to foreign currency is as follows:-
Singapore
Ringgit
United States
Philippine
New Taiwan
Dollar
Malaysia
Dollar
Peso
Dollar
Others*
Total
The Group
RM
RM
RM
RM
RM
RM
RM
2015
Financial assets
Trade receivables
6,899,459 13,001,724 19,757,397
618,977 46,558,302
193,760 87,029,619
Other receivables and deposits
1,685,007
677,557
344,777
612,696 1,577,785
158,332 5,056,154
Amount owing by associates
1,330,140
-
-
-
-
-
1,330,140
Fixed deposits with licensed banks
462,913 14,847,675
-
-
-
- 15,310,588
Cash and bank balances
2,821,226 15,804,138 43,141,611
498,023 32,066,378
155,612 94,486,988
13,198,745 44,331,094 63,243,785 1,729,696 80,202,465
507,704 203,213,489
Financial liabilities
Trade payables
1,766,849 16,845,581 1,089,394
359,016 10,823,956
239,960 31,124,756
Other payables
4,408,129 4,372,880 1,493,499
976,408 23,710,867
55,731 35,017,514
Bank borrowings
- Term loans
7,588,885 10,010,772
-
- 13,055,500
- 30,655,157
- Short-term borrowings
11,535,280
-
-
-
-
- 11,535,280
Hire purchase payables
659,676
465,764
-
-
-
-
1,125,440
25,958,819 31,694,997 2,582,893 1,335,424 47,590,323
295,691 109,458,147
Net financial (liabilities)/assets
(12,760,074)
12,636,097 60,660,892
394,272 32,612,142
212,013 93,755,342
Less: Net financial liabilities/(assets)
denominated in the respective entities’
functional currencies
12,242,821 (12,636,097)
-
(394,272)
(31,632,376)
(216,769)
(32,636,693)
Currency exposure
(517,253)
- 60,660,892
-
979,766
(4,756)
61,118,649
* Denominated in Euro, Great Britain Pound and Indonesian Rupiah.
NOTES TO THE FINANCIAL STATEMENTS
(cont’d)