194 / 232
Notes to the
Financial Statements
As at 31 March 2019
39. 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
2019
2018
RM’000
RM’000
Company
Financial liabilities:
Trade and other payables
2,252
1,833
Due to subsidiaries
6,818
17,688
Borrowings
34,506
33,419
Total undiscounted financial liabilities
43,576
52,940
(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
RM’000
Papua New
Guinea Kina
RM’000
Total
RM’000
At 31 March 2019
Assets
- Trade and other receivables
26,411
36,794
63,205
- Cash and cash equivalents
27,984
15,587
43,571
54,395
52,381
106,776
Liabilities
- Trade and other payables
7,937
4,729
12,666
Kumpulan Fima Berhad
(11817-V)
Annual Report 2019
190