HAW PAR CORPORATION LIMITED
98
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)
A 10% (2013: 10%) weakening of Singapore Dollar against the following currencies at reporting date
would increase/(decrease) profit or loss by the amounts shown below, with all other variables including
tax rate being held constant:
USD
HKD
Euro
JPY Others
Total
$’000 $’000 $’000 $’000 $’000 $’000
Group
At 31 December 2014
Profit or loss, after tax
Other comprehensive income
552
845
(233)
–
(34)
–
(22)
658
1,463
–
1,726
1,503
USD
HKD
Euro
Others
Total
$’000 $’000 $’000 $’000 $’000
At 31 December 2013
Profit or loss, after tax
Other comprehensive income
369
456
850
–
(114)
–
93
–
1,198
456
A 10% (2013: 10%) strengthening of Singapore Dollar against the above currencies would have had
the equal but opposite effect on the above currencies to the amounts shown above, on the basis that
all other variables remain constant.
(2)
Market price risk
The Group has substantial investments carried at fair value of $2,311.5 million (2013: $1,934.7
million) held in various forms of securities as of 31 December 2014 and have been accounted for in
accordance with the accounting policy stated in Note 2(i). These securities are mainly listed in Singapore.
The fair value of financial instruments traded in active markets (such as available-for-sale securities)
is based on quoted market prices at the end of the reporting period. The quoted market price used for
financial assets held by the Group is the current bid price. These instruments are categorised as Level
1 under the fair value hierarchy as set out in the relevant accounting standard.
