31 FINANCIAL RISK MANAGEMENT
(CONT’D)
(a)
Market Risk
(cont’d)
(i)
Currency risk (cont’d)
The Group’s currency exposure based on the information provided to key management is as
follows:
USD SGD RMB HKD Sterling MYR Others Total
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Group
2014
Financial assets
Cash and cash equivalents
9,874
7,079
882
17
1,812
2,782
251 22,697
Trade receivables
9,190
–
–
–
4,336
1,735
145 15,406
Other receivables
430
97
49
–
197
68
–
841
Due from subsidiaries
28,889
–
–
– 10,148
1,002
– 40,039
48,383
7,176
931
17 16,493
5,587
396 78,983
Financial liabilities
Trade and other payables
(11,386)
(5,441)
(4,057)
(73)
(3,456)
(680)
(24) (25,117)
Due to subsidiaries
(28,889)
–
–
– (10,148)
(1,002)
– (40,039)
(40,275)
(5,441)
(4,057)
(73) (13,604)
(1,682)
(24) (65,156)
Net financial assets/
(liabilities)
8,108
1,735 (3,126)
(56)
2,889
3,905
372 13,827
Less:
Net financial assets
denominated in the Group’s
entities functional currency (14,855)
(1,655)
–
–
– (3,905)
– (20,415)
Currency exposure
(6,747)
80 (3,126)
(56)
2,889
–
372 (6,588)
2013
Financial assets
Cash and cash equivalents
7,929
568
462
43
1,312
4,141
207 14,662
Trade receivables
13,636
–
15
–
3,953
1,539
13 19,156
Other receivables
164
58
213
–
227
41
6
709
Due from subsidiaries
32,117
2,089
–
–
–
–
– 34,206
53,846
2,715
690
43
5,492
5,721
226 68,733
Financial liabilities
Trade and other payables
(12,651) (10,970)
(4,390)
(114)
(3,286)
(864)
(8) (32,283)
Borrowings
(128)
–
–
–
–
–
–
(128)
Due to subsidiaries
(32,117)
(2,089)
–
–
–
–
– (34,206)
(44,896) (13,059)
(4,390)
(114)
(3,286)
(864)
(8) (66,617)
Net financial assets/
(liabilities)
8,950 (10,344)
(3,700)
(71)
2,206
4,857
218
2,116
Less:
Net financial assets/(liabilities)
denominated in the Group’s
entities functional currency
(8,860)
10,486
–
–
– (4,857)
– (3,231)
Currency exposure
90
142 (3,700)
(71)
2,206
–
218 (1,115)
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
GLOBAL INVACOM GROUP LIMITED
ANNUAL REPORT 2014
92
