32 FINANCIAL RISK MANAGEMENT
(continued)
Foreign currency risk
(continued)
Sensitivity analysis
(continued)
Income statement
Group
Company
$’000
$’000
31 December 2014
RM
175
–
USD
393
66
568
66
A 10 percent weakening of the above currencies against Singapore Dollar at 31 December would have had the equal but
opposite effect on the above currencies to the amounts shown above, on the basis that all other variables remain constant.
Estimating the fair values
As at 31 December 2015, the fair value of non-current other receivables, other payables and unsecured bank loans amounted
to $6,669,000 (2014: $6,237,000), $4,912,000 (2014: $2,734,000) and $4,987,000 (2014: nil) respectively.
The notional amounts of financial assets and liabilities with a maturity of less than one year (including trade and other
receivables, cash and cash equivalents, trade and other payables and other financial liabilities) are assumed to approximate
their fair values because of the short period to maturity.
Accounting classifications
Note
Loans and
receivables
Other
financial
liabilities
Total
carrying
amount
$’000
$’000
$’000
Group
31 December 2015
Financial assets not measured at fair value
Trade and other receivables
11
78,939
–
78,939
Cash and cash equivalents
16
44,584
–
44,584
123,523
–
123,523
Financial liabilities not measured at fair value
Accrued contingent consideration
19
–
163
163
Trade and other payables
–
93,889
93,889
20
–
94,052
94,052
Loans and borrowings
21
–
19,460
19,460
–
113,512
113,512
116
TELECHOICE INTERNATIONAL LIMITED
2015 ANNUAL REPORT
NOTES TO THE
FINANCIAL STATEMENTS
