Baker Technology LimitedAnnual Report 2014
133
27.
Financial riskmanagement objectives andpolicies (cont’d)
Foreign currency risk (cont’d)
Sensitivity analysis for foreign currency risk
The following table demonstrates the sensitivity of theGroup’s profit net of tax to a reasonably possible
change in theUSD andEuroexchange rates against SGD, with all other variables held constant.
Group
2014
2013
$’000
$’000
Net profit
Net profit
USD / SGD – strengthened 3% (2013: 3%)
+1,766
+1,676
–weakened3% (2013: 3%)
–1,766
–1,676
Euro / SGD – strengthened 3% (2013: 3%)
+29
+289
–weakened 3% (2013: 3%)
–29
–289
28.
Fair valueof financial instruments
A.
Fair value of financial instruments by classes that are not carried at fair value and whose
carrying amounts are reasonable approximation of fair value
The carrying amounts of the trade receivables, deposits, amount due from / (to) subsidiaries, and
tradeandotherpayablesare reasonableapproximationof fair values,due to their short-termnature.
B.
Fair valueof financial instruments that are carried at fair value
Group andCompany
2014
2013
$
$
Non-current:
Available-for-sale financial assets
- Corporatebonds (quoted) - at fair value (Level 1)
7,698,494
2,117,444
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31December 2014
