Singapore Press Holdings annual report 2011 Singapore Press ...
Singapore Press Holdings annual report 2011 Singapore Press ...
Singapore Press Holdings annual report 2011 Singapore Press ...
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Notes to the<br />
Financial StatementS<br />
August 31, <strong>2011</strong><br />
154 <strong>Singapore</strong> <strong>Press</strong> <strong>Holdings</strong> <strong>annual</strong> <strong>report</strong> <strong>2011</strong><br />
31. FINANCIAL RISK MANAGEMENT (CONT’D)<br />
(a)<br />
Market risk (cont’d)<br />
(i)<br />
Currency risk (cont’d)<br />
The Company’s currency exposure based on the information provided to key management is<br />
as follows:<br />
<strong>2011</strong><br />
SGD USD CNH Others Total<br />
S$’000 S$’000 S$’000 S$’000 S$’000<br />
Financial assets<br />
Trade and other receivables 1,581,233 366 - 158 1,581,757<br />
Cash and cash equivalents 225,912 1,345 39,802 3,611 270,670<br />
1,807,145 1,711 39,802 3,769 1,852,427<br />
Financial liabilities<br />
Trade and other payables (630,970) (13,404) - (663) (645,037)<br />
Borrowings (698,797) - - - (698,797)<br />
(1,329,767) (13,404) - (663) (1,343,834)<br />
Net financial<br />
(liabilities)/assets 477,378 (11,693) 39,802 3,106 508,593<br />
Less: Net financial assets<br />
denominated in<br />
the Company’s<br />
functional currency (477,378) - - - (477,378)<br />
Less: Firm commitments in<br />
foreign currencies - (616) - (235) (851)<br />
Less: Currency forwards - - (39,980) 3,670 (36,310)<br />
Currency exposure - (12,309) (178) 6,541 (5,946)
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