92
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2014
NOTES TO THE
FINANCIAL STATEMENTS
for the financial year ended 31 December 2014
14.
INVESTMENT HELD FOR TRADING
Group
2014
2013
$’000
$’000
Equity instruments (quoted)
110
53
15.
DERIVATIVE FINANCIAL INSTRUMENTS
Contract/
Notional
Amount
2014
Contract/
Notional
Amount
2013
$’000
$’000
$’000
$’000
Assets Liabilities
Assets Liabilities
Group
Forward currency contracts
–
–
–
8,455
44
–
Company
Forward currency contracts
–
–
–
6,631
34
–
Forward currency contracts are used to hedge foreign currency risk arising from the Group’s sales
and purchases denominated in USD for which firm commitments existed at the end of the prior
reporting year.
