Megachem Limited Annual Report 2015 115 Notes to the Financial Statements 31 December 2015 25. Financial instruments: information on financial risks (cont’d) 25C. Foreign currency risk (cont’d) The Company’s currency exposure is as follows: Exposure in In $’000 USD Others Total As at 31 December 2015 Financial assets Cash and bank balances 1,549 5 1,554 Trade and other receivables 9,189 1,097 10,286 Subtotal 10,738 1,102 11,840 Financial liabilities Trade and other payables 2,113 426 2,539 Borrowings 3,944 405 4,349 Subtotal 6,057 831 6,888 Net financial assets 4,681 271 4,952 Less: Currency forward 1,078 – 1,078 Net currency exposure 5,759 271 6,030 Exposure in In $’000 USD Others Total As at 31 December 2014 Financial assets Cash and bank balances 593 7 600 Trade and other receivables 11,584 967 12,551 Subtotal 12,177 974 13,151 Financial liabilities Trade and other payables 2,882 326 3,208 Borrowings 9,610 972 10,582 Subtotal 12,492 1,298 13,790 Net financial liabilities (315) (324) (639) Less: Currency forward – – – Net currency exposure (315) (324) (639)
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