Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 142 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) United States Ringgit Dollar Malaysia Total The Company RM RM RM 2023 Financial assets Fixed deposits with licensed banks 4,458,381 - 4,458,381 Cash and bank balances - 738,468 738,468 4,458,381 738,468 5,196,849 Less: Net financial asset denominated in the entity’s functional currency - (738,468) (738,468) Currency exposure 4,458,381 - 4,458,381 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
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