Frontken Berhad Annual Report 2017

110 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2017 27. 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 2017 Financial assets Trade receivables 7,889,047 11,363,347 12,135,537 1,115,711 58,436,349 355,467 91,295,458 Other receivables and deposits 1,061,202 810,080 759,120 644,599 1,399,626 86,582 4,761,209 Amount owing by an associate 1,333,852 - - - - - 1,333,852 Short-term investments - 3,508,429 - - - - 3,508,429 Fixed deposits with licensed banks 465,785 7,283,148 - - - - 7,748,933 Cash and bank balances 1,499,260 11,493,610 54,667,584 753,002 50,171,421 728,701 119,313,578 12,249,146 34,458,614 67,562,241 2,513,312 110,007,396 1,170,750 227,961,459 Financial liabilities Trade payables 1,984,718 3,074,082 830,861 296,596 11,926,227 178,834 18,291,318 Other payables and accrued expenses 4,735,616 5,202,735 505,381 336,538 48,893,047 97,613 59,770,930 Bank overdrafts 5,181,941 - - - - - 5,181,941 Bank borrowings - Term loans 4,220,944 2,037,933 - - 9,577,610 - 15,836,487 - Short-term borrowings 12,460,720 - - - - - 12,460,720 Hire purchase payables 73,728 274,483 - - - - 348,211 28,657,667 10,589,233 1,336,242 633,134 70,396,884 276,447 111,889,607 Net financial (liabilities)/assets (16,408,521) 23,869,381 66,225,999 1,880,178 39,610,512 894,303 116,071,852 Less: Net financial liabilities/(assets) denominated in the respective entities’ functional currencies 16,116,067 (23,469,723) - (1,880,178) (39,610,512) (882,627) (49,726,973) Currency exposure (292,454) 399,658 66,225,999 - - 11,676 66,344,879 * Denominated in Euro, Great Britain Pound and Indonesian Rupiah. Notes To The Financial Statements (cont’d)