SINGAPORE WINDSOR HOLDINGS LIMITED
| Annual Report 2015
81
Year ended 31 March 2015
NOTES TO THE
FINANCIAL STATEMENTS
27. Financial instruments: information on financial risks (cont’d)
27G. Foreign currency risk (cont’d)
Analysis of amounts denominated in non-functional currencies:
Singapore
Dollars
United
States
Dollars
Chinese
Renminbi
HK$’000
HK$’000
HK$’000
2015:
Financial assets:
Cash and cash equivalents
7,901
41,846
−
Loans and receivables
−
13,187
−
Total financial assets
7,901
55,033
−
Financial liabilities:
Trade and other payables
2,341
18,686
−
Total financial liabilities
2,341
18,686
−
Net financial assets at end of the year
5,560
36,347
−
2014:
Financial assets:
Cash and cash equivalents
−
−
17,660
Loans and receivables
−
−
75,033
Total financial assets
−
−
92,693
Financial liabilities:
Trade and other payables
−
−
43,308
Total financial liabilities
−
−
43,308
Net financial assets at end of the year
−
−
49,385
Sensitivity analysis:
There is exposure to foreign currency risk as part of its normal business.
The effect on loss before tax for the group as follows:
Group
2015
2014
HK$’000
HK$’000
A hypothetical 10% strengthening in the exchange rate of the functional currency
Hong Kong dollar against United States Dollar (USD) with all other variables held
constant would have an adverse effect on pre-tax profit of
(3,634)
−
A hypothetical 10% strengthening in the exchange rate of the functional currency
Hong Kong dollar against Singapore Dollars (SGD) with all other variables held
constant would have an adverse effect on pre-tax profit of
(556)
−
A hypothetical 10% strengthening in the exchange rate of the functional currency
Hong Kong dollar against Chinese Renminbi (CNY) with all other variables held
constant would have an adverse effect on pre-tax profit of
−
(4,939)
