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 />
32. <strong>Financial</strong> risk management (continued)<br />
(a)<br />
Market risk (continued)<br />
(i)<br />
Currency risk (continued)<br />
The Company’s currency exposure based on the information provided to key management was as follows:<br />
(continued)<br />
USD SGD Ringgit Total<br />
US$’000 US$’000 US$’000 US$’000<br />
At 31 December 2010<br />
<strong>Financial</strong> assets<br />
Cash and cash equivalents - 142,863 - 142,863<br />
Intercompany receivables - 44,616 17,274 61,890<br />
- 187,479 17,274 204,753<br />
<strong>Financial</strong> liabilities<br />
Other financial liabilities (835) (1,777) (29) (2,641)<br />
Intercompany payables (150) (18,144) - (18,294)<br />
(985) (19,921) (29) (20,935)<br />
Net financial assets/(liabilities) (985) 167,558 17,245 183,818<br />
<strong>Financial</strong> (assets)/liabilities denominated in the Company’s<br />
functional currency 985 - - 985<br />
Currency exposure of financial assets/(liabilities) net<br />
of those denominated in the Company’s functional<br />
currency - 167,558 17,245 184,803<br />
105
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