Annual Report 2012 - ecoWise Holdings Limited

ecoWise Holdings Limitedannual report 201213731 OCTOBER 2012NOTES TO THE FINANCIAL STATEMENTS32. FINANCIAL INSTRUMENTS: INFORMATION ON FINANCIAL RISKS (CONTINUED)32G. Foreign Currency Risk (Continued)AustralianDollarChinese Malaysian SingaporeRenminbi Ringgit DollarUnitedStatesDollarJapaneseYen Euro TotalCompany $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’0002012Financial AssetsCash and cash equivalents – – – – – – – –Trade and other receivables – – 4,401 – – – – 4,401Net financial assets – – 4,401 – – – – 4,4012011Financial AssetsCash and cash equivalents – – – – – – – –Trade and other receivables – – 306 – – – – 306Net financial assets – – 306 – – – – 306Sensitivity AnalysisA hypothetical 10% (2011: 10%) strengthening of the above currencies against the functional currency of therespective subsidiaries of the Group at the end of the reporting year would increase/(decrease) pre-tax profitfor the reporting year by the amounts shown below. A 10% (2011: 10%) weakening of the above currenciesagainst the functional currency of the respective subsidiaries would have an equal but opposite effect. Thisanalysis assumes all other variables remain constant.GroupCompany2012 2011 2012 2011$’000 $’000 $’000 $’000Pre-tax profit for the year 470 404 440 31The hypothetical sensitivity rate used in the above table is the reasonably possible change in foreign exchangerates.