Page 79 - ar2012

75 Annual Report 2012
Notes to the Financial Statements
30 September 2012
31 Financial Risks Management Policies (cont’d)
(c) Currency risk (cont’d)
The Group did not use derivative fnancial instruments to protect against the volatility associated with
foreign currency transactions. Exposure to foreign currency risk is monitored on an on-going basis and the
Group endeavours to keep the net exposure at an acceptable level.
SGD
S$
RM
S$
Total
S$
Group
2012
Financial Assets
Trade and other receivables 20,159,862 5,801 20,165,663
Cash and bank balances 17,617,575 482,673 18,100,248
Other fnancial assets 164,221 - 164,221
37,941,658 488,474 38,430,132
Financial Liabilities
Trade and other payables 7,292,858 544,024 7,836,882
Finance lease liabilities 49,040 - 49,040
Borrowings 81,345,260 - 81,345,260
88,687,158 544,024 89,231,182
Net Financial Liabilities (50,745,500) (55,550) (50,801,050)
2011 (Restated)
Financial Assets
Trade and other receivables 16,177,355 556 16,177,911
Cash and bank balances 12,898,983 50,855 12,949,838
Other fnancial assets 114,095 - 114,095
29,190,433 51,411 29,241,844
Financial Liabilities
Trade and other payables 5,162,544 38,377 5,200,921
Finance lease liabilities 97,440 - 97,440
Borrowings 57,646,204 - 57,646,204
62,906,188 38,377 62,944,565
Net Financial (Liabilities)/Assets (33,715,755) 13,034 (33,702,721)
The effects of a change of 5% (2011: 5%) (taking into consideration both the strengthening and weakening
aspect) of the RM against S$ at the balance sheet date on the Group’s results are as shown below. The
change assumes that all other variables, in particular interest and tax rates, remain constant, and the
Group’s proft for the year ended 30 September 2012 and 2011 would increase/(decrease) by:
Group
2012
S$
2011
S$
RM against S$
- strengthened (2,305) 541
- weakened 2,305 (541)