FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
109
NOTES TO FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015 (CONT’D)
34 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONT’D)
(a) Market risk (Cont’d)
(i) Currency risk (Cont’d)
The Group’s currency exposure based on the information provided to key management is as follows:
SGD
$’000
USD
$’000
Euro
$’000
MYR
$’000
Yen
$’000
RMB
$’000
THB
$’000
CHF
$’000
Others
$’000
Total
$’000
31 December 2015
Financial assets
Cash and cash
equivalents
4,142 2,744 1,280 4,118
3 1,169 1,137 30
96 14,719
Trade and other
receivables
3,181 32,297 30,213 5,664
- 17,489 1,092 1,063 2,381 93,380
Intercompany
receivables
1,078
125 750 925
-
-
-
-
-
2,878
Dividend receivables 3,035
-
1,092
-
-
-
-
-
-
4,127
11,436 35,166 33,335 10,707
3 18,658 2,229 1,093 2,477 115,104
SGD
$’000
USD
$’000
Euro
$’000
MYR
$’000
Yen
$’000
RMB
$’000
THB
$’000
CHF
$’000
Others
$’000
Total
$’000
31 December 2015
Financial liabilities
Borrowings
(5,026) (12,195) (25,520) (2,942)
-
(5,131)
-
- (1,086) (51,900)
Other financial
liabilities
(8,405) (13,452) (24,626) (10,007) (2,089) (12,225) (912) (962) (1,323) (74,001)
Intercompany
payables
(1,078)
(125)
(750)
(925)
-
-
-
-
-
(2,878)
Dividend payables
(3,035)
-
(1,092)
-
-
-
-
-
-
(4,127)
(17,544) (25,772) (51,988) (13,874) (2,089) (17,356) (912) (962) (2,409) (132,906)
Net financial
assets/
(liabilities)
(6,108)
9,394 (18,653) (3,167) (2,086) 1,302 1,317 131
68 (17,802)
Less: Net financial
assets/ (liabilities)
denominated in
the respective
entities functional
currencies
6,622 3,428 26,938 3,169
-
(726) (1,317) (136)
51
Currency exposure
514 12,822 8,285
2 (2,086)
576
-
(5)
119
