MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS MISC BERHAD | Annual Report 2017 288 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  Ringgit   Malaysia   RM'000   United   States   Dollar   RM'000   Great   Britain   Pound   RM'000   Euro   RM'000   Singapore   Dollar   RM'000   Total   RM'000  Functional currency of Group entities At 31 December 2017 Ringgit Malaysia -  29,083  1  9  8,143  37,236  United States Dollar  31,382  -  14  9,378  (2,674) 38,100  31,382  29,083  15  9,387  5,469  75,336  At 31 December 2016 Ringgit Malaysia -  (4,697) (1,008) -  -  (5,705) United States Dollar 17,208  -  (4,696) 5,555  15,224  33,291  17,208  (4,697) (5,704) 5,555  15,224  27,586  Functional currency of Corporation At 31 December 2017 United States Dollar (232,377) -  1,689  58,881  3,379  (168,428) At 31 December 2016 United States Dollar (70,223) -  1,287  61,353  25,536  17,953