Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 147 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:- Singapore Ringgit United States Philippine New Taiwan Dollar Malaysia Dollar Peso Dollar Others* Total The Group RM RM RM RM RM RM RM \2022 Financial assets Trade receivables 12,238,498 26,883,992 16,065,989 10,968,961 57,879,454 49,144 124,086,038 Other receivables - 176,104 700,903 1,138,452 9,853,048 45,946 11,914,453 Fixed deposits with licensed banks 509,269 1,000,000 - - 11,651,769 - 13,161,038 Cash and bank balances 10,817,476 13,364,152 64,722,956 1,544,791 226,801,955 107,260 317,358,590 23,565,243 41,424,248 81,489,848 13,652,204 306,186,226 202,350 466,520,119 Financial liabilities Trade payables 3,183,104 7,761,842 923,042 823,108 14,751,288 218,473 27,660,857 Other payables and accrued expenses 5,664,263 10,012,288 226,408 179,224 91,812,296 33,834 107,928,313 8,847,367 17,774,130 1,149,450 1,002,332 106,563,584 252,307 135,589,170 Net financial assets/(liabilities) 14,717,876 23,650,118 80,340,398 12,649,872 199,622,642 (49,957) 330,930,949 Less: Net financial assets denominated in the respective entities’ functional currencies (14,747,647) (23,650,118) - (12,649,872) (199,622,642) (115,842) (250,786,121) Currency exposure (29,771) - 80,340,398 - - (165,799) 80,144,828 * Denominated in Euro, Great Britain Pound and Indonesian Rupiah.
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