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243
Gamuda Berhad (29579-T) • Annual Report 2012
44. Financial risk management objectives and policies (cont’d.)
(e)
Foreign currency risk (cont’d)
New
United
Vietnam
Indian
Taiwan
States
Qatari Bahraini
Group
Dong
Rupee
Dollar
Dollar
Riyal
Dinar
Total
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
At 31 July 2012:
Cash, deposits
and bank
balances
67,726
4,976
790
3
10,631
714
84,840
Receivables
648,308
43,069
4,198
43,541 184,927
27,540 951,583
Payables
356,884
2,328
881
22 135,721
6,102 501,938
Borrowings
228,933
-
- 709,742
-
- 938,675
At 31 July 2011:
Cash, deposits
and bank
balances
156,228
5,698
2,332
3
34,783
8,234 207,278
Receivables
573,642
47,543
7,385
315 195,426
20,809 845,120
Payables
135,208
910
857
293 130,481
10,286 278,035
Borrowings
154,630
-
- 495,422
-
- 650,052
Company
At 31 July 2012:
Cash, deposits
and bank
balances
-
-
598
-
3,890
714
5,202
Receivables
-
-
85
-
24
27,540
27,649
Payables
-
-
81
-
647
6,102
6,830
Borrowings
-
-
- 709,742
-
- 709,742
At 31 July 2011:
Cash, deposits
and bank
balances
-
-
2,201
-
23,036
7,950
33,187
Receivables
-
-
-
-
123
20,809
20,932
Payables
-
-
66
-
7
10,286
10,359
Borrowings
-
-
- 495,422
-
- 495,422
The Group is also exposed to currency translation risk arising from its net investments in foreign operations,
including India, qatar, Bahrain and Vietnam. The Group maintains a natural hedge, whenever possible, by
borrowing in the currency of the country in which the business is located.
NoTES To ThE FINANCIAL STATEMENTS
31 July 2012