27. CAPITAL AND FINANCIAL RISK MANAGEMENT
(continued)
Financial risk management
(continued)
Foreign currency risk
(continued)
The Group’s and Trust’s exposures to foreign currency are as follows:
US Dollars
RMB
Total
S$’000
S$’000
S$’000
Group
2014
Cash and cash equivalents
193
94
287
2013
Cash and cash equivalents
167
86
253
US Dollars
RMB
Total
S$’000
S$’000
S$’000
Trust
2014
Loans to subsidiaries
326,428
–
326,428
Non-trade amounts due from subsidiaries
165,060
–
165,060
Cash and cash equivalents
31
79
110
491,519
79
491,598
2013
Loans to subsidiaries
315,480
–
315,480
Non-trade amounts due from subsidiaries
159,677
–
159,677
Cash and cash equivalents
11
71
82
475,168
71
475,239
Sensitivity analysis
A 10% strengthening of Singapore dollar against the US dollar and RMB at the reporting date
would increase/(decrease) total return after tax by the amounts shown below. This analysis
assumes that all other variables, in particular interest rates, remain constant. The analysis is
performed on the same basis for 2013.
Statements of total return
Group
Trust
$’000
$’000
2014
US dollars
(19)
(49,152)
RMB
(9)
(8)
Delivering Performance | 139
