Frontken Berhad Annual Report 2020

Annual Report 2020 124 FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) Notes to the Financial Statements (cont’d) 28. 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 NewTaiwan Dollar Malaysia Dollar Peso Dollar Others* Total The Group RM RM RM RM RM RM RM 2019 Financial assets Trade receivables 9,864,859 14,931,136 12,995,511 4,564,188 43,732,810 211,207 86,299,711 Other receivables 1,271,329 271,581 1,163,212 926,722 747,833 48,065 4,428,742 Short-term investments – 8,623,912 2,060,347 – – – 10,684,259 Fixed deposits with licensed banks 9,584,143 4,307,571 – – 3,683,988 – 17,575,702 Cash and bank balances 26,749,603 15,688,479 40,519,546 1,075,934 112,699,723 427,921 197,161,206 47,469,934 43,822,679 56,738,616 6,566,844 160,864,354 687,193 316,149,620 Financial liabilities Trade payables 1,380,638 3,107,696 675,895 282,998 11,350,436 91,684 16,889,347 Other payables and accrued expenses 4,992,552 6,558,257 334,860 366,591 52,487,206 133,835 64,873,301 Term loans 843,865 – – – – – 843,865 7,217,055 9,665,953 1,010,755 649,589 63,837,642 225,519 82,606,513 Net financial assets 40,252,879 34,156,726 55,727,861 5,917,255 97,026,712 461,674 233,543,107 Less: Net financial assets denominated in the respective entities’ functional currencies (40,600,139) (34,156,726) – (5,917,255) (97,026,712) (456,425) (178,157,257) Currency exposure (347,260) – 55,727,861 – – 5,249 55,385,850 * Denominated in Euro, Great Britain Pound and Indonesian Rupiah.