Frontken Berhad Annual Report 2019

119 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2019 30. FINANCIAL INSTRUMENTS (CONT’D) (a) Financial Risk Management Policies (Cont’d) (i) Foreign currency risk (Cont’d) Ringgit United States Malaysia Dollar Total The Company RM RM RM 2019 Financial assets Short-term investments 7,159,295 2,060,347 9,219,642 Cash and bank balances 1,933,175 369,087 2,302,262 9,092,470 2,429,434 11,521,904 Financial liability Amount owing to subsidiaries - 3,431,325 3,431,325 Net financial asset/(liability) 9,092,470 (1,001,891) 8,090,579 Less: Net financial asset denominated in the entity’s functional currency (9,092,470) - (9,092,470) Currency exposure - (1,001,891) (1,001,891) Ringgit United States Malaysia Dollar Total The Company RM RM RM 2018 Financial asset Cash and bank balances 1,872,136 379,860 2,251,996 Financial liability Amount owing to subsidiaries 700,000 7,621,259 8,321,259 Net financial asset/(liability) 1,172,136 (7,241,399) (6,069,263) Less: Net financial asset denominated in the entity’s functional currency (1,172,136) - (1,172,136) Currency exposure - (7,241,399) (7,241,399) Notes To The Financial Statements (cont’d)