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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)
Singapore
Ringgit
United States
Indonesian
New Taiwan
Dollar
Malaysia
Dollar
Rupiah
Dollar
Total
The Company
RM
RM
RM
RM
RM
RM
2016
Financial assets
Amount owing by subsidiaries
-
8,343,147
-
1,578,751
-
9,921,898
Cash and bank balances
-
9,321,072
672,509
-
-
9,993,581
-
17,664,219
672,509
1,578,751
-
19,915,479
Financial liability
Amount owing to subsidiaries
801,355
7,155,840
5,607,500
-
-
13,564,695
Net financial (liability)/assets
(801,355)
10,508,379
(4,934,991)
1,578,751
-
6,350,784
Less: Net financial assets denominated in the
entity’s functional currency
-
(10,508,379)
-
-
-
(10,508,379)
Currency exposure
(801,355)
-
(4,934,991)
1,578,751
-
(4,157,595)
Notes To The Financial Statements
(cont’d)