For the financial year ended 31 December 2015
100
HAW PAR CORPORATION LIMITED
27. FINANCIAL RISK MANAGEMENT
(CONTINUED)
(a) Market risk
(continued)
(2) Foreign currency risk (continued)
The Company’s currency exposure of financial assets/liabilities net of those denominated in its functional
currency based on the information provided to key management is as follows:
USD
JPY
Total
$’000
$’000
$’000
Company
At 31 December 2015
Cash and cash equivalents
14,765
–
14,765
Borrowings
–
(43,547)
(43,547)
Currency exposure on financial assets and liabilities
14,765
(43,547)
(28,782)
At 31 December 2014
Borrowings
(14,662)
(41,670)
(56,332)
Currency exposure on financial assets and liabilities
(14,662)
(41,670)
(56,332)
A 10% (2014: 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
JPY
Others
Total
$’000
$’000
$’000
$’000
$’000
Group
At 31 December 2015
Profit or loss, after tax
1,590
12
–
106
1,708
Other comprehensive income
2,994
14,050
1,200
–
18,244
At 31 December 2014
Profit or loss, after tax
77
11
–
1,568
1,656
Other comprehensive income
845
–
658
–
1,503
USD
JPY
Total
$’000
$’000
$’000
Company
At 31 December 2015
Profit or loss, after tax
1,226
(3,614)
(2,388)
At 31 December 2014
Profit or loss, after tax
(1,217)
(3,459)
(4,676)
NOT E S TO T H E F I NAN C I A L S TAT EME N T S
(CONTINUED)
