Following are the financial statements of an Omani affiliate of a Singapore based MNC.

Statement of Financial Position as on December 2020

Assets	Amount in OMR	Liabilities	Amount in OMR
Cash	20,000	Current Liabilities	46,000
Accounts receivables	24,000	Non - Current Liabilities	52,000
Inventory	32,000	Equity Share Capital	120,000
Long term investments	18,000
Plant and Equipment	40,000
Building	84,000
Total	218,000	Total	218,000

Statement of Income for the year ending 31^st December 2020

Particulars	OMR
Sales	230,000
Less: Cost of Goods sold	(150,000)
Gross profit	80,000
Less :Depreciation Expenses Other operating expenses	(8,400) (18,200)
Operating Profit	53,400
Less: Interest Expenses	(5,200)
Earning before Tax	48,200

The current exchange rate is OMR 0.2860/SGD

The historical exchange rate is OMR 0.2654/SGD

The Average exchange rate is OMR 0.2757/SGD

Required

1. Translate the financial statements of Omani affiliate from functional currency to reporting currency using Temporal method ( 4 marks)
2. Calculate net exposed assets in SGD ( 1 Mark)