FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
110
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: (Cont’d)
SGD
$’000
USD
$’000
Euro
$’000
MYR
$’000
Yen
$’000
RMB
$’000
THB
$’000
CHF
$’000
Others
$’000
Total
$’000
31 December 2014
Financial assets
Cash and cash
equivalents
2,993 4,268 2,266 5,096
3 1,896 711 1,431 106 18,770
Trade and other
receivables
2,131 33,037 32,752 8,028
9 14,688 1,312 1,076 2,221 95,254
Intercompany
receivables
1,155 156 762 310
-
-
-
-
-
2,383
Dividend receivables 2,760
-
1,535
-
-
-
-
-
-
4,295
9,039 37,461 37,315 13,434 12 16,584 2,023 2,507 2,327 120,702
SGD
$’000
USD
$’000
Euro
$’000
MYR
$’000
Yen
$’000
RMB
$’000
THB
$’000
CHF
$’000
Others
$’000
Total
$’000
31 December 2014
Financial liabilities
Borrowings
(10,339) (13,364) (23,436) (1,995)
-
(4,469)
-
(667) (1,089) (55,359)
Other financial
liabilities
(8,804) (12,815) (27,858) (15,871) (1,639) (10,107) (825) (1,068) (1,469) (80,456)
Intercompany
payables
(1,155)
(156)
(762)
(310)
-
-
-
-
-
(2,383)
Dividend payables
(2,760)
-
(1,535)
-
-
-
-
-
-
(4,295)
(23,058) (26,335) (53,591) (18,176) (1,639) (14,576) (825) (1,735) (2,558) (142,493)
Net financial
assets/
(liabilities)
(14,019) 11,126 (16,276) (4,742) (1,627) 2,008 1,198 772 (231) (21,791)
Less: Net financial
assets/ (liabilities)
denominated in
the respective
entities functional
currencies
14,407 2,229 25,087 4,743
-
(1,818) (1,197) (782)
239
Currency exposure
388 13,355 8,811
1 (1,627)
190
1 (10)
8
