New Image Annual Report 2012 concept.indd - NZX

Notes to and forming part of the financial
statements (continued)
For the year ended 30 June 2012
Exposure to Currency Risk
The following significant exchange rates applied during the year:
The Group’s exposure to foreign currency risk were as follows based on notional amounts:
Financial
Assets
Trade & Other
Payables
Net Balance
Sheet Exposure
Group $’000 $’000 $’000
As at 30 June 2012
Malaysian Ringgit 6,035 2,605 3,430
Singapore Dollar 153 17 136
Indonesian Rupiah 404 173 231
Philippine Peso 120 68 52
Taiwan Dollar 4,771 2,361 2,410
Australian Dollar 127 81 46
Hong Kong Dollar 60 2 58
South African Rand 118 20 98
Thai Baht 686 225 461
Indian Rupee 158 8 150
Average Rate Reporting Date
Spot Rate
2012 2011 2012 2011
NZD
Malaysian Ringgit 2.4857 2.3403 2.5310 2.5067
Singapore Dollar 1.0162 0.9809 1.0112 1.0199
Indonesian Rupiah 7,247 6,723 7,532 7,134
Philippine Peso 34.68 33.38 33.59 36.01
Taiwan Dollar 23.96 22.83 23.74 23.86
Australian Dollar 0.7788 0.7675 0.7830 0.7725
Hong Kong Dollar 6.2872 5.8989 6.1631 6.4619
South African Rand 6.2459 5.3125 6.6067 5.6264
Japanese Yen 63.4150 62.8504 63.0100 66.7300
Thai Baht 24.9721 23.2663 25.2700 25.5000
Indian Rupee 40.5046 - 44.8800 -
62
Financial
Assets
Trade & Other
Payables
Net Balance
Sheet Exposure
Group $’000 $’000 $’000
As at 30 June 2011
Malaysian Ringgit 10,321 1,195 9,126
Singapore Dollar 170 23 147
Sensitivity Analysis
A 10 percent weakening of the New Zealand dollar against the following currencies at 30 June would
have increased (decreased) profit or loss by the amounts shown below. This analysis assumes that all
variables, in particular interest rates, remain consistent. The analysis is performed on the same basis
for 2011.
63
Indonesian Rupiah 601 164 437
Philippine Peso 109 61 48
Taiwan Dollar 6,613 2,444 4,169
Australian Dollar 229 147 82
Hong Kong Dollar 441 165 276
South African Rand 71 25 46
Japanese Yen 286 18 268
Thai Baht 70 80 (10)
Profit/(Loss)
2012 2011
NZ$’000 NZ$’000
Malaysian Ringgit 694 934
Singapore Dollar 23 (15)
Indonesian Rupiah (7) 19
Philippine Peso 6 (15)
Taiwan Dollar 874 1,082
Australian Dollar 7 35
Hong Kong Dollar (5) (32)
South African Rand (41) (27)
Japanese Yen (22) (47)
Thai Baht 14 (6)
Indian Rupee (22) -
1,521 1,928
There would be no impact on other comprehensive income.
A 10% strengthening of the New Zealand dollar against the above currencies at 30 June would have
had the equal but opposite effect on the above currencies to the amounts shown above, on the basis
that all variables remain consistent.
NEW IMAGE GROUP ANNUAL REPORT
NEW IMAGE GROUP ANNUAL REPORT