Annual Report 2012 - TodayIR.com

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Lonking Holdings Limited Annual Report 2012 Notes to the Consolidated Financial Statements For the year ended 31 December 2012 43. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (Continued) Interest rate risk (Continued) Group Company Increase/ Increase/ Increase/ (decrease) (decrease) (decrease) in in profit in profit basis points before tax before tax RMB’000 RMB’000 2012 US$ (50 ) 94 94 RMB (50 ) – – US$ 50 (94 ) (94 ) RMB 50 – – 2011 US$ 50 (113 ) (113 ) RMB 50 (2,886 ) – US$ (50 ) 113 113 RMB (50 ) 2,886 – Foreign currency risk The Group’s exposure to foreign currency risk is arises from: (a) Bank balances of the Company and certain subsidiaries that are denominated in foreign currencies; (b) Certain trade receivables and payables of certain subsidiaries of the Company, which conduct foreign currency sales and purchases, that are denominated in foreign currencies; and (c) Issued convertible bonds and long-term loan notes of the Company that are denominated in foreign currencies. 133
Lonking Holdings Limited Annual Report 2012 Notes to the Consolidated Financial Statements For the year ended 31 December 2012 43. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (Continued) Interest rate risk (Continued) The carrying amounts of the Group’s monetary assets and monetary liabilities denominated in foreign currencies at the end of the reporting period are as follows: Assets Liabilities 2012 2011 2012 2011 RMB’000 RMB’000 RMB’000 RMB’000 US$ 287,669 179,797 4,151,347 3,260,094 HK$ 4,192 3,090 – 115,933 The following table demonstrates the sensitivity at the end of the reporting period to a reasonably possible change in the foreign exchange rates, with all other variables held constant, of the Group’s profit before tax (due to changes in the fair value of monetary assets and liabilities): Change in Increase/(decrease) foreign currency rate in profit before tax % RMB’000 2012 If RMB weakens against US$ 5% (193,184) If RMB strengthens against US$ 5% 193,184 If RMB weakens against HK$ 5% 210 If RMB strengthens against HK$ 5% (210) 2011 If RMB weakens against US$ 5% (154,015) If RMB strengthens against US$ 5% 154,015 If RMB weakens against HK$ 5% (5,642) If RMB strengthens against HK$ 5% 5,642 134
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