ANNUAL REPORT 2014
97
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
For the financial year ended 31 December 2014
26. FINANCIAL RISK MANAGEMENT
(CONTINUED)
(a)
Market risk
(continued)
(1) Foreign currency risk (continued)
The Group’s currency exposure of financial assets/liabilities net of those denominated in the respective
entities’ functional currency based on the information provided to key management is as follows:
USD
HKD
Euro
JPY Others
Total
$’000 $’000 $’000 $’000 $’000 $’000
Group
At 31 December 2014
Cash and cash equivalents and
available-for-sale financial assets 24,049 113 1,008 48,246 16,547 89,963
Trade and other receivables
9,077
– 1,420
–
533 11,030
Trade and other payables
(3,292) (2,984) (2,846)
(272)
(800) (10,194)
Borrowings
(14,662)
–
– (41,670)
– (56,332)
Add: Firm Commitments
8,601
– 2,207 (394)
(10) 10,404
Currency exposure on financial assets
and liabilities
23,773 (2,871)
1,789 5,910 16,270 44,871
USD
HKD
Euro Others
Total
$’000 $’000 $’000 $’000 $’000
At 31 December 2013
Cash and cash equivalents and
available-for-sale financial assets
29,283 6,026 245 1,377 36,931
Trade and other receivables
5,956 4,964 1,230 170 12,320
Trade and other payables
(2,415) (3,017) (2,859)
(678) (8,969)
Borrowings
(23,784)
–
–
– (23,784)
Add: Firm Commitments
2,612
– 1,738 (109)
4,241
Currency exposure on financial
assets and liabilities
11,652 7,973
354
760 20,739
The Company does not have material foreign currency exposure as at 31 December 2014 and 2013
except for certain amounts due to a subsidiary of $8,085,000 (2013: $8,098,000) and fixed deposits
of $nil (2013: $5,994,000) denominated in Hong Kong Dollar, and borrowings of $56,332,000 (2013:
$23,784,000) denominated in United States Dollar and Japanese Yen (2013: United States Dollar only).
