37. Financial risk management objectives and policies (cont’d.) (b) Foreign currency risk (cont’d.) The net unhedged financial receivables and payables and cash and bank balances of the Group and of the Corporation that are not denominated in their functional currencies are as follows: Net financial receivables/(payables) and cash and bank balances held in non-functional currencies United Great Ringgit States Britain Australian Singapore Functional currency Malaysia Dollar Pound Dollar Euro Dollar Total of Group entities RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 At 31 December 2016 Ringgit Malaysia – (4,697) (1,008) – – – (5,705) United States Dollar 17,208 – (4,696) 269 5,555 15,224 33,560 17,208 (4,697) (5,704) 269 5,555 15,224 27,855 At 31 December 2015 Ringgit Malaysia – 205,661 4,264 – 11,667 (237) 221,355 United States Dollar 56,064 – (16,111) 418 15,993 36,678 93,042 56,064 205,661 (11,847) 418 27,660 36,441 314,397 Functional currency of Corporation At 31 December 2016 United States Dollar (70,223) – 1,287 269 61,353 25,536 18,222 At 31 December 2015 United States Dollar (166,341) – 137 490 18,951 22,843 (123,920) MISC BERHAD • Annual Report 2016 312 notes to the financial statements - 31 december 2016
RkJQdWJsaXNoZXIy NDgzMzc=