Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 143 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 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 assets denominated in the entity’s functional currency - (850,279) - (850,279) Currency exposure 4,988,936 - 3,997,853 8,986,789 Singapore Ringgit United States Dollar Malaysia Dollar Total The Company RM RM RM RM 2020 Financial assets Amount owing by subsidiaries 21,509,798 7,279,000 - 28,788,798 Cash and bank balances - 802,471 6,031,554 6,834,025 21,509,798 8,081,471 6,031,554 35,622,823 Less: Net financial assets denominated in the entity’s functional currency - (8,081,471) - (8,081,471) Currency exposure 21,509,798 - 6,031,554 27,541,352
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