Frontken Berhad Annual Report 2017

112 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) Singapore Ringgit United States Indonesian Dollar Malaysia Dollar Rupiah Total The Company RM RM RM RM RM 2017 Financial assets Amount owing by subsidiaries - 1,641,301 - 1,237,661 2,878,962 Cash and bank balances - 641,588 7,007,423 - 7,649,011 - 2,282,889 7,007,423 1,237,661 10,527,973 Financial liability Amount owing to subsidiaries 46,773 - 7,484,249 - 7,531,022 Net financial (liability)/assets (46,773) (2,282,889) (476,826) 1,237,661 2,996,951 Less: Net financial assets denominated in the entity’s functional currency - 2,282,889 - - 5,201,360 Currency exposure (46,773) - (476,826) 1,237,661 8,198,311 Singapore Ringgit United States Indonesian Dollar Malaysia Dollar Rupiah Total The Company RM RM RM RM RM 2016 Financial assets Amount owing by subsidiaries - 8,343,147 - 1,578,751 9,921,898 Cash and bank balances - 9,321,072 672,509 - 9,993,581 - 17,664,219 672,509 1,578,751 19,915,479 Financial liability Amount owing to subsidiaries 801,355 7,155,840 5,607,500 - 13,564,695 Net financial (liability)/assets (801,355) 10,508,379 (4,934,991) 1,578,751 6,350,784 Less: Net financial assets denominated in the entity’s functional currency - (10,508,379) - - (10,508,379) Currency exposure (801,355) - (4,934,991) 1,578,751 (4,157,595) Notes To The Financial Statements (cont’d)