FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2024 116 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 28. FINANCIAL INSTRUMENTS (CONT’D) (a) Financial Risk Management Policies (Cont’d) Market Risk (Cont’d) (i) Foreign currency risk (Cont’d) The exposure to foreign currency risk is as follows: Singapore Ringgit United States Philippine New Taiwan Dollar Malaysia Dollar Peso Dollar Others* Total RM RM RM RM RM RM RM The Group 2024 Financial assets Trade receivables 7,133,803 20,467,017 20,806,125 13,138,570 79,021,091 - 140,566,606 Other receivables 33,044 3,283,977 - 256,757 1,669,988 1,519 5,245,285 Fixed deposits with licensed banks 517,373 - - - 122,734,800 - 123,252,173 Cash and bank balances 56,805,176 18,926,080 127,845,615 2,309,536 146,819,280 490,050 353,195,737 64,489,396 42,677,074 148,651,740 15,704,863 350,245,159 491,569 622,259,801 Financial liabilities Trade payables 2,292,167 11,634,009 1,019,564 88,306 12,255,705 5,617 27,295,368 Other payables and accrued expenses 5,267,246 14,521,263 42,838 296,276 84,017,177 4,821 104,149,621 7,559,413 26,155,272 1,062,402 384,582 96,272,882 10,438 131,444,989 Net nancial assets 56,929,983 16,521,802 147,589,338 15,320,281 253,972,277 481,131 490,814,812 Less: Net nancial assets denominated in the respective entities’ functional currencies (18,043,818) (16,521,802) - (15,320,281) (253,972,277) (479,432) (304,337,610) Currency exposure 38,886,165 - 147,589,338 - - 1,699 186,477,202 * Denominated in Euro, Great Britain Pound and Indonesian Rupiah.
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