98
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
28.
Financial risk management
(continued)
(a)
Market risk
(continued)
(i)
Currency risk
(continued)
SGD
USD
Other
Total
$’000
$’000
$’000
$’000
At 31 December 2013
Financial assets
Cash and cash equivalents and
financial assets,
available-for-sale
21,023
1,263
558
22,844
Trade and other receivables
51,709
2,023
3,545
57,277
Intercompany balances
43,672
–
23
43,695
116,404
3,286
4,126
123,816
Financial liabilities
Trade and other payables
(48,316)
(5,446)
(1,239)
(55,001)
Intercompany balances
(43,672)
–
(23)
(43,695)
Borrowings
(125,708)
(126)
(1,589)
(127,423)
(217,696)
(5,572)
(2,851)
(226,119)
Net financial (liabilities)/assets
(101,292)
(2,286)
1,275
(102,303)
Add: Net non-financial assets
188,809
–
20,090
208,899
Currency profile including
non-financial assets
87,517
(2,286)
21,365
106,596
Currency exposure of financial
(liabilities)/assets net of those
denominated
in the respective entities’
functional currencies
–
(2,286)
125
(2,161)
If the USD change against the SGD by 5% (2013: 5%) with all other variables including
tax rate being held constant, the effects arising from the net financial liability/asset
position to the net profit and equity of the Group will not be significant.
The Company is not exposed to currency risk since all its financial assets and liabilities
as at 31 December 2014 and 2013 are denominated in Singapore Dollar.
(ii)
Price risk
The Group is exposed to equity securities price risk arising from the investments
classified as available-for-sale financial assets. These securities are listed in Singapore
and Malaysia.
Further details of these equity investments can be found in Note 15 to the financial
statements.
Equity price sensitivity
In respect of equity investments classified as available-for-sale financial assets, if
equity prices had been 10% higher or lower, with all other variables including tax rate
being held constant, the impact to the net profit and equity of the Group will not be
significant.
