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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)
Singapore
Ringgit
United States
Philippine
New Taiwan
Dollar
Malaysia
Dollar
Peso
Dollar
Others*
Total
The Group
RM
RM
RM
RM
RM
RM
RM
2014
Financial assets
Amount owing by a contract customer
-
-
1,837,000
-
-
-
1,837,000
Trade receivables
16,967,338 18,470,703 28,464,530
602,622 36,945,874
390,664 101,841,731
Other receivables and deposits
1,017,694
789,382
312,000
570,098 1,243,187
218,655 4,151,016
Amount owing by associates
1,166,892
-
16,870
-
-
-
1,183,762
Fixed deposits with licensed banks
442,380 11,838,053
-
-
-
- 12,280,433
Cash and bank balances
4,371,141 21,045,618 12,011,700
458,718 12,684,952 1,003,019 51,575,148
23,965,445 52,143,756 42,642,100 1,631,438 50,874,013 1,612,338 172,869,090
Financial liabilities
Trade payables
5,155,734 22,601,922
733,822
221,481 7,874,417
248,802 36,836,178
Other payables
5,591,902 6,625,810 1,522,476
273,847 21,489,617
88,385 35,592,037
Bank borrowings
- Term loans
8,372,500 12,785,805
-
-
7,747,740
- 28,906,045
- Short-term borrowings
6,215,515
-
-
-
-
-
6,215,515
Hire purchase payables
1,456,022
960,572
-
-
-
-
2,416,594
26,791,673 42,974,109 2,256,298
495,328 37,111,774
337,187 109,966,369
Net financial (liabilities)/assets
(2,826,228)
9,169,647 40,385,802 1,136,110 13,762,239 1,275,151 62,902,721
Less: Net financial liabilities/(assets)
denominated in the respective entities’
functional currencies
2,395,755 (9,169,647)
(13,797)
(1,136,110)
(13,727,703)
(1,266,502)
(22,918,004)
Currency exposure
(430,473)
- 40,372,005
-
34,536
8,649 39,984,717
* Denominated in Euro, Great Britain Pound, Chinese Renminbi and Indonesian Rupiah.
NOTES TO THE FINANCIAL STATEMENTS
(cont’d)