Frontken Berhad Annual Report 2016

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116 Frontken Corporation Berhad (651020-T)
ANNUAL REPORT 2016
26. FINANCIAL INSTRUMENTS (CONT’D)
(a) Financial Risk Management Policies (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
2015 Financial assetsTrade receivables
6,899,459 13,001,724 19,757,397
618,977 46,558,302
193,760 87,029,619
Other receivables and deposits
1,685,007
677,557
344,777
612,696 1,577,785
158,332 5,056,154
Amount owing by an associate
1,330,140
-
-
-
-
-
1,330,140
Fixed deposits with licensed banks
462,913 14,847,675
-
-
-
- 15,310,588
Cash and bank balances
2,821,226 15,804,138 43,141,611
498,023 32,066,378
155,612 94,486,988
13,198,745 44,331,094 63,243,785 1,729,696 80,202,465
507,704 203,213,489
Financial liabilitiesTrade payables
1,766,849 16,845,581 1,089,394
359,016 10,823,956
239,960 31,124,756
Other payables and accrued expenses
4,408,129 4,372,880 1,493,499 1,204,151 25,571,012
401,265 37,450,936
Bank borrowings- Term loans
7,588,885 10,010,772
-
- 13,055,500
- 30,655,157
- Short-term borrowings
11,535,280
-
-
-
-
- 11,535,280
Hire purchase payables
659,676
465,764
-
-
-
-
1,125,440
25,958,819 31,694,997 2,582,893 1,563,167 49,450,468
641,225 111,891,569
Net financial (liabilities)/assets
(12,760,074)
12,636,097 60,660,892
166,529 30,751,997
(133,521)
91,321,920
Less: Net financial liabilities/(assets)
denominated in the respective entities’functional currencies
12,242,821 (12,636,097)
-
(166,529)
(29,772,231)
128,765 (30,203,271)
Currency exposure
(517,253)
- 60,660,892
-
979,766
(4,756)
61,118,649
* Denominated in Euro, Great Britain Pound and Indonesian Rupiah.
Notes To The Financial Statements
(cont’d)