Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 141 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 27. 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 \2021 Financial assets Trade receivables 7,530,009 17,521,457 15,731,596 11,792,509 62,926,462 97,868 115,599,901 Other receivables 10,242 383,617 - 2,646,258 1,475,026 47,739 4,562,882 Fixed deposits with licensed banks 478,265 1,347,585 - - 12,182,400 - 14,008,250 Cash and bank balances 7,774,264 11,916,331 28,004,848 1,293,696 200,439,771 192,340 249,621,250 15,792,780 31,168,990 43,736,444 15,732,463 277,023,659 337,947 383,792,283 Financial liabilities Trade payables 1,919,021 4,171,393 495,474 790,759 14,058,315 28,209 21,463,171 Other payables and accrued expenses 5,552,366 9,268,825 336,407 355,499 97,327,103 100,517 112,940,717 7,471,387 13,440,218 831,881 1,146,258 111,385,418 128,726 134,403,888 Net financial assets 8,321,393 17,728,772 42,904,563 14,586,205 165,638,241 209,221 249,388,395 Less: Net financial assets denominated in the respective entities’ functional currencies (3,683,232) (17,728,772) - (14,586,205) (165,638,241) (227,651) (201,864,101) Currency exposure 4,638,161 - 42,904,563 - - (18,430) 47,524,294 * Denominated in Euro, Great Britain Pound and Indonesian Rupiah.
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