FINANCIAL STATEMENTS - Mewah Group

MEWAH INTERNATIONAL INC.NOTES TOTHE FINANCIAL STATEMENTSFor the financial year ended 31 December 201232. FINANCIAL RISK MANAGEMENT (CONTINUED)(a) Market risk (continued)(i)Currency risk (continued)The Group’s currency exposure based on the information provided to key management is as follows: (continued)At 31 December 2011USD SGD Ringgit AUD Others TotalUS$’000 US$’000 US$’000 US$’000 US$’000 US$’000Financial assetsCash and cash equivalents 48,284 31,646 12,455 244 44,170 136,799Trade and other receivables 323,872 3,960 48,333 2,982 52,576 431,723Intercompany receivables 699,619 66,093 206,304 345 80,287 1,052,6481,071,775 101,699 267,092 3,571 177,033 1,621,170Financial liabilitiesBorrowings (150,330) (1,355) (230,562) (3,706) (177) (386,130)Other financial liabilities (105,051) (16,822) (133,445) (1,204) (5,294) (261,816)Intercompany payables (699,619) (66,093) (206,304) (345) (80,287) (1,052,648)(955,000) (84,270) (570,311) (5,255) (85,758) (1,700,594)Net financial assets/(liabilities) 116,775 17,429 (303,219) (1,684) 91,275 (79,424)Add: Firm commitments andhighly probable forecasttransactions in foreigncurrencies 254,497 6,111 (90,593) - 45,542 215,557Less: Currency forward contracts (554,363) 12,788 597,698 (4,260) (51,863) -Currency profile (183,091) 36,328 203,886 (5,944) 84,954 136,133Financial (assets)/liabilitiesdenominated in the respectiveentities’ functional currencies (15,056) (1,206) (205,676) 1,414 (127,164) (347,688)Currency exposure of financialassets/(liabilities) net ofthose denominated inthe respective entities’functional currencies (198,147) 35,122 (1,790) (4,530) (42,210) (211,555)94