31 FINANCIAL RISK MANAGEMENT
(CONT’D)
(a)
Market Risk
(cont’d)
(i)
Currency risk (cont’d)
USD SGD Sterling MYR Total
US$’000 US$’000 US$’000 US$’000 US$’000
Company
2014
Financial assets
Cash and cash equivalents
139
6,999
193
–
7,331
Due from subsidiaries
97
–
–
1,002
1,099
Other receivables
3,522
97 10,148
– 13,767
3,758
7,096 10,341
1,002 22,197
Financial liabilities
Due to subsidiaries
(2,556)
–
–
– (2,556)
Other payables
– (5,441)
(18)
– (5,459)
(2,556)
(5,441)
(18)
– (8,015)
Net financial assets
1,202
1,655 10,323
1,002 14,182
Less:
Net financial assets denominated
in the Company’s functional
currency
– (1,655)
–
– (1,655)
Currency exposure
1,202
– 10,323
1,002 12,527
2013
Financial assets
Cash and cash equivalents
133
359
–
–
492
Other receivables
–
59 10,219
– 10,278
Due from subsidiaries
1,999
790
–
–
2,789
2,132
1,208 10,219
– 13,559
Financial liabilities
Other payables
– (10,902)
–
– (10,902)
– (10,902)
–
– (10,902)
Net financial assets/(liabilities)
2,132 (9,694)
10,219
–
2,657
Less:
Net financial liabilities
denominated in the Company’s
functional currency
–
9,694
–
–
9,694
Currency exposure
2,132
– 10,219
– 12,351
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
GLOBAL INVACOM GROUP LIMITED
ANNUAL REPORT 2014
93
