Frontken Berhad Annual Report 2019

118 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2019 30. FINANCIAL INSTRUMENTS (CONT’D) (a) Financial Risk Management Policies (Cont’d) Market Risk (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 2018 Financial assets Trade receivables 6,717,339 16,033,345 22,354,748 2,023,761 59,613,633 103,031 106,845,857 Other receivables 499,634 395,491 730,561 760,614 1,306,529 46,598 3,739,427 Short-term investments - 13,288,430 - - - - 13,288,430 Fixed deposits with licensed banks 465,880 4,337,657 - - - - 4,803,537 Cash and bank balances 18,959,290 18,510,846 29,762,772 834,775 64,240,135 683,784 132,991,602 26,642,143 52,565,769 52,848,081 3,619,150 125,160,297 833,413 261,668,853 Financial liabilities Trade payables 1,666,679 4,621,401 554,083 195,554 11,051,344 28,750 18,117,811 Other payables and accrued expenses 5,136,882 6,749,837 460,261 283,607 49,153,960 31,502 61,816,049 Term loans 2,526,641 - - - 8,921,327 - 11,447,968 Hire purchase payables - 2,203,530 - - - - 2,203,530 9,330,202 13,574,768 1,014,344 479,161 69,126,631 60,252 93,585,358 Net financial assets 17,311,941 38,991,001 51,833,737 3,139,989 56,033,666 773,161 168,083,495 Less: Net financial assets denominated in the respective entities’ functional currencies (17,651,142) (38,991,001) - (3,139,989) (56,033,666) (761,789) (116,577,587) Currency exposure (339,201) - 51,833,737 - - 11,372 51,505,908 * Denominated in Euro, Great Britain Pound and Indonesian Rupiah. Notes To The Financial Statements (cont’d)