FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2024 118 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) Singapore Ringgit Dollar Malaysia Other* Total RM RM RM RM The Company 2024 Financial assets Cash and bank balances 8,219,196 11,419,584 - 19,638,780 Amount owing by subsidiaries - 2,200,000 105,654 2,305,654 8,219,196 13,619,584 105,654 21,944,434 Less: Net nancial assets denominated in the entity’s functional currency - (13,619,584) - (13,619,584) Currency exposure 8,219,196 - 105,654 8,324,850 * Denominated in Indonesian Rupiah. United States Ringgit Dollar Malaysia Total RM RM RM The Company 2023 Financial assets Fixed deposits with licensed banks 4,458,381 - 4,458,381 Cash and bank balances - 738,468 738,468 4,458,381 738,468 5,196,849 Less: Net nancial assets denominated in the entity’s functional currency - (738,468) (738,468) Currency exposure 4,458,381 - 4,458,381
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