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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
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)
NOTES TO THE FINANCIAL STATEMENTS
(cont’d)