Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 149 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) Singapore Ringgit Dollar Malaysia Total The Company RM RM RM 2022 Financial asset Cash and bank balances 308,851 2,466,447 2,775,298 308,851 2,466,447 2,775,298 Less: Net financial asset denominated in the entity’s functional currency - (2,466,447) (2,466,447) Currency exposure 308,851 - 308,851 Singapore Ringgit United States Dollar Malaysia Dollar Total The Company RM RM RM RM 2021 Financial asset Cash and bank balances 4,988,936 850,279 3,997,853 9,837,068 4,988,936 850,279 3,997,853 9,837,068 Less: Net financial asset denominated in the entity’s functional currency - (850,279) - (850,279) Currency exposure 4,988,936 - 3,997,853 8,986,789
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