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