118 / 136
117
FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT
2015
26.
FINANCIAL INSTRUMENTS (CONT’D)
(c) Classification of Financial Instruments
The Group
The Company
2015
2014
2015
2014
RM
RM
RM
RM
Financial Assets
Loans and receivables financial assets
Amount owing by a contract customer
-
1,837,000
-
-
Trade receivables
87,029,619
101,841,731
-
-
Other receivables and deposits
5,056,154
4,151,016
19,312
43,432
Amount owing by subsidiaries
-
-
39,334,680
44,137,370
Amount owing by associates
1,330,140
1,183,762
-
-
Fixed deposits with licensed banks
15,310,588
12,280,433
3,040,444
8,008,049
Cash and bank balances
94,486,988
51,575,148
14,460,511
3,394,285
203,213,489
172,869,090
56,854,947
55,583,136
Financial liabilities
Other financial liabilities
Trade payables
31,124,756
36,836,178
-
-
Other payables and accrued expenses 35,017,514
35,592,037
1,376,615
1,832,062
Amount owing to subsidiaries
-
-
15,196,818
15,138,313
Term loans
30,655,157
28,906,045
6,065,353
7,876,178
Bank borrowings
11,535,280
6,215,515
-
-
Hire purchase payables
1,125,440
2,416,594
-
-
109,458,147
109,966,369
22,638,786
24,846,553
(d) Fair Value Information
As the Group does not have any financial instruments carried at fair value, the following table sets out only the fair
value profile of financial instruments that are carried at fair value at the end of the reporting period.
Fair Value Of Financial Instruments Not
Total
Carrying
Carried At Fair Value
Fair Value
Amount
Level 1
Level 2
Level 3
The Group
RM
RM
RM
RM
RM
2015
Financial Liabilities
Hire purchase payables
-
1,120,733
-
1,120,733
1,125,440
Short-term borrowings
-
11,535,280
-
11,535,280
11,535,280
Term loans
-
30,655,157
-
30,655,157
30,655,157
Fair Value Of Financial Instruments Not
Total
Carrying
Carried At Fair Value
Fair Value
Amount
Level 1
Level 2
Level 3
The Group
RM
RM
RM
RM
RM
2014
Financial Liabilities
Hire purchase payables
-
2,418,054
-
2,418,054
2,416,594
Short-term borrowings
-
6,215,515
-
6,215,515
6,215,515
Term loans
-
28,906,045
-
28,906,045
28,906,045
NOTES TO THE FINANCIAL STATEMENTS
(cont’d)