SINGAPORE WINDSOR HOLDINGS LIMITED
| Annual Report 2015
80
Year ended 31 March 2015
NOTES TO THE
FINANCIAL STATEMENTS
27. Financial instruments: information on financial risks (cont’d)
27F. Interest rate risk
The interest rate risk exposure is from changes in fixed rate and floating interest rates and it mainly concerns
financial liabilities which are both fixed rate and floating rate. The following table analyses the breakdown of the
significant financial instruments by type of interest rate:
Group
2015
2014
HK$’000
HK$’000
Financial assets:
Floating rate
7,239
28,339
Financial liabilities:
Fixed rate
839
52,643
Floating rate
10,753
100,274
At end of year
11,592
152,917
The floating rate debt instruments are with interest rates that are re-set regularly at one, three or six month
intervals. The interest rates are disclosed in the respective notes.
Sensitivity analysis:
The interest from financial assets including cash balances is not significant.
27G. Foreign currency risk
Company
There is no significant exposure to foreign currency risk as the transactions are made in the company’s functional
currency.
Group
There is exposure to foreign currency risk as part of its normal business of the group. In particular, there is a
significant exposure to the US Dollars & Singapore Dollars (2014: Chinese Renminbi) currency risk due to significant
transactions made in Myanmar and Singapore.
