Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 141 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 exposure to foreign currency risk 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 \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 - 672,139 9,853,048 45,946 10,747,237 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 80,788,945 13,185,891 306,186,226 202,350 465,352,903 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 5,153,671 10,012,288 226,408 157,844 65,597,390 33,834 81,181,435 8,336,775 17,774,130 1,149,450 980,952 80,348,678 252,307 108,842,292 Net financial assets/(liability) 15,228,468 23,650,118 79,639,495 12,204,939 225,837,548 (49,957) 356,510,611 Less: Net financial assets/(liability) denominated in the respective entities’ functional currencies (15,258,239) (23,650,118) - (12,204,939) (225,837,548) (115,842) (277,066,686) Currency exposure (29,771) - 79,639,495 - - (165,799) 79,443,925 * Denominated in Euro, Great Britain Pound, Indonesian Rupiah and Japanese Yen.
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