FINANCIAL STATEMENTS - Mewah Group

MEWAH INTERNATIONAL INC.NOTES TOTHE FINANCIAL STATEMENTSFor the financial year ended 31 December 201232. FINANCIAL RISK MANAGEMENT (CONTINUED)(a) Market risk (continued)(i)Currency risk (continued)The Company’s currency exposure based on the information provided to key management is as follows: (continued)At 31 December 2011Financial assetsUSD SGD Ringgit TotalUS$’000 US$’000 US$’000 US$’000Cash and cash equivalents 13,008 28,074 - 41,082Intercompany receivables 90,686 63,747 - 154,433Financial liabilities103,694 91,821 - 195,515Other financial liabilities (33) (117) (48) (198)Intercompany payables (5) - - (5)(38) (117) (48) (203)Net financial assets/(liabilities) 103,656 91,704 (48) 195,312Less: Currency forward contracts - 1,959 - 1,959Currency profile 103,656 93,663 (48) 197,271Financial (assets)/liabilities denominatedin the Company’s functionalcurrency (103,656) - - (103,656)Currency exposure of financialassets/(liabilities) net of thosedenominated in the Company’sfunctional currency - 93,663 (48) 93,61596