Frontken Berhad Annual Report 2017

111 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:- (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 2016 Financial assets Trade receivables 10,328,805 15,996,875 17,795,021 639,706 50,816,601 294,492 95,871,500 Other receivables and deposits 1,647,747 660,327 385,571 590,266 1,199,731 94,925 4,578,567 Amount owing by an associate 1,362,971 - - - - - 1,362,971 Short-term investments 2,243,002 6,753,231 - - - - 8,996,233 Fixed deposits with licensed banks 474,166 5,397,869 - - - - 5,872,035 Cash and bank balances 1,989,027 15,269,959 25,330,584 1,915,656 43,381,102 859,184 88,745,512 18,045,718 44,078,261 43,511,176 3,145,628 95,397,434 1,248,601 205,426,818 Financial liabilities Trade payables 1,578,993 3,914,441 2,841,588 171,449 11,451,094 100,020 20,057,585 Other payables and accrued expenses 3,744,878 4,605,750 1,089,499 916,891 41,315,199 105,377 51,777,594 Bank borrowings - Term loans 6,030,745 4,128,510 - - 13,915,000 - 24,074,255 - Short-term borrowings 4,652,400 - - - - - 4,652,400 Hire purchase payables 209,727 393,766 - - - - 603,493 16,216,743 13,042,467 3,931,087 1,088,340 66,681,293 205,397 101,165,327 Net financial assets 1,828,975 31,035,794 39,580,089 2,057,288 28,716,141 1,043,204 104,261,491 Less: Net financial liabilities/(assets) denominated in the respective entities’ functional currencies 113,651 (31,035,794) - (2,057,288) (28,716,141) (1,031,788) (62,727,360) Currency exposure 1,942,626 - 39,580,089 - - 11,416 41,534,131 * Denominated in Euro, Great Britain Pound and Indonesian Rupiah. Notes To The Financial Statements (cont’d)