97
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
28.
Financial risk management
(continued)
Financial risk factors
(continued)
(a)
Market risk
(i)
Currency risk
The Group’s exposure to currency risk is not significant as it operates mainly in
Singapore. Revenue and expenses are predominantly denominated in Singapore Dollar.
Currency risk arises within entities in the Group when transactions are denominated in
foreign currencies such as United State Dollar (“USD”).
The Group’s currency exposure based on the information provided to key management
is as follows:
SGD
USD
Other
Total
$’000
$’000
$’000
$’000
At 31 December 2014
Financial assets
Cash and cash equivalents and
financial assets,
available-for-sale
17,114
1,338
1,406
19,858
Trade and other receivables
71,596
5,946
6,313
83,855
Intercompany balances
101,857
–
1,389
103,246
190,567
7,284
9,108
206,959
Financial liabilities
Trade and other payables
(17,387)
(4,115)
(12,635)
(34,137)
Intercompany balances
(101,857)
–
(1,389)
(103,246)
Borrowings
(167,944)
–
(2,782)
(170,726)
(287,188)
(4,115)
(16,806)
(308,109)
Net financial (liabilities)/assets
(96,621)
3,169
(7,698)
(101,150)
Add: Net non-financial assets
211,574
–
14,269
225,843
Currency profile including
non-financial assets
114,953
3,169
6,571
124,693
Currency exposure of financial
assets net of those
denominated in the respective
entities’ functional currencies
130
7,069
302
7,501
