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NOTES TO THE FINANCIAL STATEMENTS
31 MARCH 2018
fInanCIal StatementS
39. Financial risk management objectives and policies (cont’d.)
(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:
Indonesian
Rupiah
Papua New
Guinea Kina
Total
RM’000
RM’000
RM’000
At 31 March 2018
Assets
- Trade and other receivables
29,141
29,299
58,440
- Cash and cash equivalents
31,809
18,643
50,452
60,950
47,942
108,892
Liabilities
- Trade and other payables
13,948
4,888
18,836
At 31 March 2017
Assets
- Trade and other receivables
27,812
32,662
60,474
- Cash and cash equivalents
51,797
11,709
63,506
79,609
44,371
123,980
Liabilities
- Trade and other payables
11,761
8,698
20,459