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Notes to the financial statements
31 December 2014
Bursa Malaysia
•
Annual Report 2014
160
36. Financial risk management objectives and policies (cont’d.)
(c) Market risk: Foreign currency risk (cont’d.)
The Group and the Company do not hedge their currency exposures. The following table shows the accumulated amount of material financial assets and
liabilities which are unhedged:
2014
2013
USD
SGD
USD
SGD
RM’000
RM’000
RM’000
RM’000
Group
Financial assets
Investment securities - shares quoted outside Malaysia
118,631
-
98,584
-
Trade receivables
881
-
1,063
-
119,512
-
99,647
-
Financial liabilities
Other payables
5,067
64
3,662
54
Company
Financial assets
Investment securities - shares quoted outside Malaysia
118,631
-
98,584
-
Financial liabilities
Other payables
-
64
66
54
The Group is not exposed to foreign currency risk from the holding of margins and collaterals as the risks are borne by the participants. The following table
depicts this through the netting off of monies held as margins and collaterals against the corresponding liability.
USD
SGD
JPY
Total
RM’000
RM’000
RM’000
RM’000
Group
At 31 December 2014
Financial assets
Cash for trading margins and security deposits
165,937
892
4,643
171,472
Financial liabilities
Trade payables
(165,937)
(892)
(4,643)
(171,472)
-
-
-
-