Eng - IOI Group

Notes To The Financial Statements cont’d45. FINANCIAL INSTRUMENTS cont’d45.1 Foreign currency risk cont’dForeign currency exposures in transactional currencies other than functional currencies of the operating entities are kept toan acceptable level. Material foreign currency transaction exposures are hedged with derivative financial instruments suchas forward foreign exchange contracts and options. Sale contracts and purchase contracts are in respect of sales proceedsreceivable and purchase commitments payable in foreign currencies respectively.As at the balance sheet date, the Group has entered into forward foreign exchange contracts with the following notionalamounts and maturities:MaturitiesTotalLess than 1 - 2 2 - 3 Notional1 year years years AmountGroup RM’000 RM’000 RM’000 RM’0002007Sale contracts used to hedge sale proceeds receivableUSD 2,775,925 316,588 24,182 3,116,695EUR 719,435 40,117 - 759,552Others 82,204 - - 82,2043,577,564 356,705 24,182 3,958,451Purchase contracts used to hedge purchasecommitments payableUSD 27,214 6,484 - 33,69827,214 6,484 - 33,698225ANNUAL REPORT 2007IOI Corporation Berhad