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SEE HUP SENG LIMITED
Annual Report 2012
92
Notes to the Financial Statements
31 DECEMBER 2012
36 Financial Instruments (Continued)
(a) Financial Risk Management Objectives and Policies (Continued)
(iv) Foreign currency risk (Continued)
The Group’s currency exposure based on the information provided to key management is as
follows:
SGD USD RMB WON DONG Other Total
S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000
At 31 December 2012
Financial assets
Cash and cash equivalents 19,555 10,115 51 366 630 3,898 34,615
Trade and other receivables
excluding prepayments 34,997 7,411 532 1,083 3,565 2,736 50,324
Loan receivable from an
associated company 15,000 – – – – – 15,000
Other financial assets 11 – 7,613 – – – 7,624
69,563 17,526 8,196 1,449 4,195 6,634 107,563
Financial liabilities
Term loans 586 – – – – – 586
Other amounts due to
bankers 32,252 30,303 – – – – 62,555
Trade payables and accruals 14,524 5,659 13 128 253 580 21,157
Other payables 1,551 – – 72 8 21 1,652
Finance lease 832 – – – – – 832
49,745 35,962 13 200 261 601 86,782
Net financial assets/
(liabilities) 19,818 (18,436) 8,183 1,249 3,934 6,033 20,781
Less: Forward
exchange contracts – 11,119 – – – – 11,119
Sub-total 19,818 (7,317) 8,183 1,249 3,934 6,033 31,900
Less: Net financial liabilities/
(assets) denominated
in the respective entity’s
functional currency (19,818) – (8,183) (1,249) (3,934) (6,033) (39,217)
Currency exposure – (7,317) – – – – (7,317)