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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
Indonesian
New Taiwan
Dollar
Malaysia
Dollar
Rupiah
Dollar
Total
The Company
RM
RM
RM
RM
RM
RM
2015
Financial assets
Amount owing by subsidiaries
-
36,583,114
-
2,751,566
-
39,334,680
Cash and bank balances
-
2,596,051 10,874,909
-
989,551 14,460,511
-
39,179,165 10,874,909
2,751,566
989,551 53,795,191
Financial liabilities
Amount owing to subsidiaries
3,814,659
7,256 11,374,903
-
-
15,196,818
Net financial (liabilities)/assets
(3,814,659)
39,171,909
(499,994)
2,751,566
989,551 38,598,373
Less: Net financial assets denominated in the
entity’s functional currency
-
(39,171,909)
-
-
-
(39,171,909)
Currency exposure
(3,814,659)
-
(499,994)
2,751,566
989,551
(573,536)
NOTES TO THE FINANCIAL STATEMENTS
(cont’d)