Financial Statements - Mewah Group
Financial Statements - Mewah Group
Financial Statements - Mewah Group
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Building Capabilities<br />
Notes to the <strong>Financial</strong> <strong>Statements</strong><br />
For the financial year ended 31 December 2011<br />
16. Derivative financial instruments<br />
(a)<br />
Current portion<br />
Contract<br />
<strong>Group</strong><br />
notional<br />
Fair values<br />
amount Asset Liability<br />
US$’000 US$’000 US$’000<br />
2011<br />
Currency forward contracts (Note 32(e)) 716,239 2,582 8,700<br />
Commodities forward contracts (Note 32(e)) 1,436,571 29,634 23,887<br />
Futures contracts on commodity exchange (Note 32(e)) 758,128 6,531 9,730<br />
Total 38,747 42,317<br />
2010<br />
Currency forward contracts (Note 32(e)) 1,022,492 29,113 -<br />
Commodities forward contracts (Note 32(e)) 1,787,090 30,865 66,674<br />
Futures contracts on commodity exchange (Note 32(e)) 214,554 27,062 -<br />
Total 87,040 66,674<br />
Contract<br />
Company<br />
notional<br />
Fair values<br />
amount Asset Liability<br />
US$’000 US$’000 US$’000<br />
2011<br />
Currency forward contracts (Note 32(e)) 1,959 - 30<br />
2010<br />
Currency forward contracts (Note 32(e)) - - -<br />
(b)<br />
Non-current portion<br />
Contract<br />
<strong>Group</strong><br />
notional<br />
Fair values<br />
amount Asset Liability<br />
US$’000 US$’000 US$’000<br />
2011<br />
Commodities forward contracts (Note 32(e)) 7,744 172 -<br />
Futures contracts on commodity exchange (Note 32(e)) 5,183 13 -<br />
Total 185 -<br />
2010<br />
Commodities forward contracts (Note 32(e)) 5,742 761 -<br />
Futures contracts on commodity exchange (Note 32(e)) 33,736 3,681 -<br />
Total 4,442 -<br />
83
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