DEFINING DESIGN
QUALITY
92
Notes to the Financial Statements
31 December 2014
30.
Financial instruments: information on financial risks (cont’d)
Financial risk management (cont’d)
Foreign currency risk (cont’d)
USD MYR Total
Company
$’000 $’000 $’000
2014
Financial assets
Trade and other receivables
324
66
390
Cash and cash equivalents
–
–
–
Total financial assets
324
66
390
Financial liabilities
Trade and other payables
–
–
–
Other financial liabilities
–
–
–
Total financial liabilities
–
–
–
Net financial assets
324
66
390
2013
Financial assets
Trade and other receivables
445
100
545
Cash and cash equivalents
–
–
–
Total financial assets
445
100
545
Financial liabilities
Trade and other payables
–
–
–
Other financial liabilities
–
–
–
Total financial liabilities
–
–
–
Net financial assets
445
100
545
Sensitivity analysis
A hypothetical 3% (2013: 3%) strengthening of the above currencies against the functional currency of the respective
entities of the Group at the end of the reporting year would increase/(decrease) pre-tax profit for the reporting year
by the amounts shown below. A 3% (2013: 3%) weakening of the above currencies against the functional currency
of the respective entities of the Group would have an equal but opposite effect. This analysis has been carried out
without taking into consideration of hedged transactions and assumes all other variables remain constant.
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Pre-tax profit for the reporting year
250
301
12
16
The hypothetical sensitivity rate used in the above tables is the reasonably possible change in foreign exchange
rates.
Equity price risk
There are investments in equity shares or similar instruments. As a result, such investments are exposed to both
currency risk and market price risk arising from uncertainties about future values of the investment securities. The
fair values of these assets are disclosed in Note 17.
The sensitivity analysis effect on post-tax profit and other comprehensive income is not significant.
