Megachem Limited Annual Report 2015 114 Notes to the Financial Statements 31 December 2015 25. Financial instruments: information on financial risks (cont’d) 25C. Foreign currency risk (cont’d) The Group’s currency exposure is as follows: Exposure in In $’000 SGD USD GBP RM Others Total As at 31 December 2015 Financial assets Cash and bank balances 2,380 3,467 77 2,677 2,459 11,060 Trade and other receivables 8,587 20,211 1,382 2,818 10,114 43,112 Subtotal 10,967 23,678 1,459 5,495 12,573 54,172 Financial liabilities Trade and other payables 6,371 16,768 1,750 247 4,354 29,490 Borrowings 10,330 4,304 700 1,577 1,358 18,269 Subtotal 16,701 21,072 2,450 1,824 5,712 47,759 Net financial assets/(liabilities) (5,734) 2,606 (991) 3,671 6,861 6,413 Less: Net financial (assets) / liabilities denominated in respective entities’ functional currencies 5,734 – 984 (3,671) (6,469) (3,422) Less: Currency forward – 187 – – (3,473) (3,286) Net currency exposure – 2,793 ( 7) – (3,081) (295) Exposure in In $’000 SGD USD GBP RM Others Total As at 31 December 2014 Financial assets Cash and bank balances 1,838 2,490 673 1,803 2,195 8,999 Trade and other receivables 9,233 27,521 1,091 3,438 8,155 49,438 Subtotal 11,071 30,011 1,764 5,241 10,350 58,437 Financial liabilities Trade and other payables 5,911 20,394 1,735 1,181 4,288 33,509 Borrowings 9,982 9,610 – – 2,327 21,919 Subtotal 15,893 30,004 1,735 1,181 6,615 55,428 Net financial assets/(liabilities) (4,822) 7 29 4,060 3,735 3,009 Less: Net financial (assets) / liabilities denominated in respective entities’ functional currencies 4,795 – (29) (4,060) (4,138) (3,432) Less: Currency forward – 265 – – (794) (529) Net currency exposure (27) 272 – – (1,197) (952)
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