Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 142 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) Singapore Ringgit United States Philippine New Taiwan Dollar Malaysia Dollar Peso Dollar Others* Total The Group RM RM RM RM RM RM RM \2020 Financial assets Trade receivables 7,166,792 13,000,607 17,322,753 8,260,710 57,329,747 56,738 103,137,347 Other receivables 1,412,450 130,713 643,039 914,953 605,940 46,598 3,753,693 Fixed deposits with licensed banks 468,703 1,340,446 - - 11,580,489 - 13,389,638 Cash and bank balances 54,433,248 14,128,017 52,438,917 1,965,311 167,113,379 389,397 290,468,269 63,481,193 28,599,783 70,404,709 11,140,974 236,629,555 492,733 410,748,947 Financial liabilities Trade payables 1,487,746 3,839,787 462,080 663,140 12,325,042 53,018 18,830,813 Other payables and accrued expenses 5,026,603 7,454,207 285,045 472,945 83,640,226 112,744 96,991,770 6,514,349 11,293,994 747,125 1,136,085 95,965,268 165,762 115,822,583 Net financial assets 56,966,844 17,305,789 69,657,584 10,004,889 140,664,287 326,971 294,926,364 Less: Net financial assets denominated in the respective entities’ functional currencies (57,328,759) (17,305,789) - (10,004,889) (140,664,287) (321,404) (225,625,128) Currency exposure (361,915) - 69,657,584 - - 5,567 69,301,236 * Denominated in Euro, Great Britain Pound and Indonesian Rupiah.
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