Financial Statements - Mewah Group

Building Capabilities
Notes to the Financial Statements
For the financial year ended 31 December 2011
32. Financial risk management (continued)
(a)
Market risk (continued)
(i)
Currency risk (continued)
The Group’s currency exposure based on the information provided to key management was as follows: (continued)
USD SGD Ringgit Others Total
US$’000 US$’000 US$’000 US$’000 US$’000
At 31 December 2010
Financial assets
Cash and cash equivalents 23,548 143,623 28,822 19,329 215,322
Trade and other receivables 305,412 3,514 55,268 85,310 449,504
Intercompany receivables 547,044 78,196 149,238 43,988 818,466
876,004 225,333 233,328 148,627 1,483,292
Financial liabilities
Borrowings (128,103) (1,696) (192,883) (3,474) (326,156)
Other financial liabilities (136,926) (23,825) (136,103) (6,276) (303,130)
Intercompany payables (547,044) (78,196) (149,238) (43,988) (818,466)
(812,073) (103,717) (478,224) (53,738) (1,447,752)
Net financial assets/(liabilities) 63,931 121,616 (244,896) 94,889 35,540
Add: Firm commitments and highly
probable forecast transactions in
foreign currencies 346,922 8,353 (424,551) 27,596 (41,680)
Less: Currency forward contracts (686,267) 3,051 - (71,193) (754,409)
Currency profile (275,414) 133,020 (669,447) 51,292 (760,549)
Financial (assets)/liabilities denominated
in the respective entities’ functional
currencies 183,880 (4,556) 667,706 (41,535) 805,495
Currency exposure of financial assets/
(liabilities) net of those denominated
in the respective entities’ functional
currencies (91,534) 128,464 (1,741) 9,757 44,946
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