32 FINANCIAL RISK MANAGEMENT
(continued)
Foreign currency risk
(continued)
The Group’s and Company’s exposure to foreign currencies are as follows:
RM
USD
$’000
$’000
31 December 2015
Group
Trade and other receivables
42
6,693
Cash and cash equivalents
536
5,200
Trade and other payables
(185)
(8,743)
Net exposure
393
3,150
Company
Cash and cash equivalents
–
381
Net exposure
–
381
31 December 2014
Group
Trade and other receivables
200
7,917
Cash and cash equivalents
1,816
4,559
Trade and other payables
(266)
(8,551)
Net exposure
1,750
3,925
Company
Cash and cash equivalents
–
656
Net exposure
–
656
Sensitivity analysis
A 10 percent strengthening of the following currencies against Singapore Dollar at 31 December would have increased/
(decreased) profit before tax by the amounts shown below. This analysis assumes that all other variables, in particular interest
rates, remain constant.
Income statement
Group
Company
$’000
$’000
31 December 2015
RM
39
–
USD
315
38
354
38
115
TELECHOICE INTERNATIONAL LIMITED
2015 ANNUAL REPORT
NOTES TO THE
FINANCIAL STATEMENTS
