KUMPULAN FIMA ANNUAL REPORT 2016 Background Image
Previous Page  178 / 204 Next Page
Information
Show Menu
Previous Page 178 / 204 Next Page
Page Background

page

176

KUMPULAN FIMA BERHAD

(11817-V) |

Annual Report

2016

38. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONT’D)

(b) Liquidity/Funding Risk (Cont’d)

Analysis of financial instruments by remaining contractual maturities (Cont’d)

Contractual Cashflow

on demand or within

one year

2016

2015

RM’000

RM’000

Company

Financial liabilities:

Trade and other payables

1,348

651

Due to subsidiaries

25,344

23,438

Borrowings

13,020

4,532

Total undiscounted financial liabilities

39,712

28,621

(c) Foreign Currency Risk

The Group is exposed to transactional currency risk primarily through sales and purchases that are

denominated in a currency other than the functional currency of the operations to which they relate. The

currencies giving rise to this risk are primarily Indonesian Rupiah and Papua New Guinea Kina. The

Group does not practise any fund hedge for its purchases and sales transaction.

The net unhedged financial assets and financial liabilities of the Group that are not denominated in the

functional currency of the Company are as follows:

Papua New

Indonesian

Guinea

Rupiah

Kina

Total

RM’000

RM’000

RM’000

At 31 March 2016:

Assets

- Trade and other receivables

21,841

26,607

48,448

- Cash and cash equivalents

18,427

26,005

44,432

40,268

52,612

92,880

Liabilities

- Trade and other payables

7,843

12,300

20,143