96
TEHO INTERNATIONAL INC LTD.
Annual Report 2015
28 FINANCIAL INSTRUMENTS: INFORMATION ON FINANCIAL RISKS (CONT’D)
Foreign currency risk (cont’d)
Exposure to foreign currency risk
The summary of quantitative data about the Group’s exposure to foreign currency risk is
as follows:
USD
EUR
Others
Total
$
$
$
$
Group
At 30 June 2015
Financial assets
Cash and cash equivalents
2,501,572 1,159,748
53,146 3,714,466
Trade and other receivables
2,094,327
905,538
87,300 3,087,165
Total financial assets
4,595,899 2,065,286
140,446 6,801,631
Financial liabilities
Trade and other payables
(2,362,806)
(236,191)
(89,453) (2,688,450)
Total financial liabilities
(2,362,806)
(236,191)
(89,453) (2,688,450)
Net financial assets
at end of the year
2,233,093 1,829,095
50,993 4,113,181
28 FINANCIAL INSTRUMENTS: INFORMATION ON FINANCIAL RISKS (CONT’D)
Foreign currency risk (cont’d)
Exposure to foreign currency risk (cont’d)
USD
EUR
Others
Total
$
$
$
$
At 30 June 2014
Financial assets
Cash and cash equivalents
2,950,315 2,088,047
57,289 5,095,651
Trade and other receivables
1,459,476
864,791
16,192 2,340,459
Total financial assets
4,409,791 2,952,838
73,481 7,436,110
Financial liabilities
Trade and other payables
(738,550)
(644,481)
(225,284) (1,608,315)
Total financial liabilities
(738,550)
(644,481)
(225,284) (1,608,315)
Net financial assets/(liabilities)
at end of the year
3,671,241 2,308,357
(151,803) 5,827,795
The Company’s exposure to foreign currency risk is not significant.
Sensitivity analysis
A reasonably possible strengthening/(weakening) of the Singapore dollar, as indicated
below, against the USD and EUR at the reporting date would have increased (decreased)
profit or loss before tax and other comprehensive income by the amounts shown below.
The analysis assumes that all other variables, in particular interest rates, remain constant
and ignores any impact of forecasted sales and purchases.
NOTES TO THE
FINANCIAL STATEMENTS
Year ended 30 June 2015
