126
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2014
NOTES TO THE
FINANCIAL STATEMENTS
for the financial year ended 31 December 2014
34.
FINANCIAL RISK MANAGEMENT (CONT’D)
(d)
Foreign currency risk (cont’d)
Sensitivity analysis for foreign currency risk
The following table demonstrates the sensitivity of the Group’s profit before tax to a
reasonably possible change in the USD, IDR and SGD exchange rates against the respective
functional currencies of the Group entities, with all other variables held constant.
Increase/(decrease)
Profit before tax
2014
2013
$’000
$’000
Group
USD/SGD
– strengthened 2% (2013: 2%)
315
2
– weakened 2% (2013: 2%)
(315)
(2)
SGD/MYR
– strengthened 2% (2013: 2%)
119
–
– weakened 2% (2013: 2%)
(119)
–
USD/MYR
– strengthened 2% (2013: 2%)
98
(159)
– weakened 2% (2013: 2%)
(98)
159
IDR/USD
– strengthened 2% (2013: 2%)
–
(11)
– weakened 2% (2013: 2%)
–
11
MYR/SGD
– strengthened 2% (2013: 2%)
29
3
– weakened 2% (2013: 2%)
(29)
(3)
Increase/(decrease)
Profit before tax
2014
2013
$’000
$’000
Company
USD/SGD
– strengthened 2% (2013: 2%)
283
–
– weakened 2% (2013: 2%)
(283)
–
