33. Financial risk management objectives and policies (cont’d)
(a) Market risk (cont’d)
(ii) Foreign currency risk (cont’d)
The Group’s exposure to foreign currency is as follows:
Group
SGD USD EUR
IDR RMB Others Total
2015
$’000 $’000 $’000
$’000 $’000 $’000 $’000
Financial assets
Trade and other receivables
121,566 87,620
6,037
5,981
4,550
30 225,784
Cash and bank balances
30,390 22,580 22,811
629
1,433
76 77,919
151,956 110,200 28,848
6,610
5,983
106 303,703
Financial liabilities
Trade and other payables
110,714 29,743 15,655
8,748
4,570
490 169,920
Interest-bearing loans
and borrowings
268,950 203,666
–
–
890
– 473,506
Trust receipts
40,596 19,654
2,179
–
6,418
– 68,847
Bank overdraft
–
–
1,130
–
–
–
1,130
420,260 253,063 18,964
8,748 11,878
490 713,403
Net financial (liabilities)/
assets
(268,304) (142,863)
9,884
(2,138)
(5,895)
(384) (409,700)
Net financial liabilities/
(assets) denominated in
the respective entities’
functional currencies
268,304 33,999
2,297
114
5,431
– 310,145
Currency exposure
– (108,864)
12,181
(2,024)
(464)
(384)
(99,555)
NOTES TO THE FINANCIAL
STATEMENTS
For the financial year ended 30 June 2015
ASL Marine Holdings Ltd. /Annual Report 2015
150
