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Financial
Statements
& Others
248
Gamuda Berhad (29579-T)
Annual Report 2013
44. Financial risk management objectives and policies (cont’d.)
e. Foreign currency risk (cont’d.)
Sensitivity analysis for foreign currency risk
The following table demonstrates the sensitivity of the Group’s profit net of tax to a reasonably possible
change in the VND, USD, BHD, NTD, QR and INR exchange rates against the respective functional currencies
of the Group entities, with all other variables held constant.
Profit for the year
Group
Company
2013
2012
2013
2012
RM’000 RM’000 RM’000 RM’000
VND/RM strengthened 5% (2012: 5%)
23,586
43,276
-
-
weakened 5% (2012: 5%)
(23,586)
(43,276)
-
-
USD/RM strengthened 5% (2012: 5%)
(43,195)
(33,311)
(43,190)
(35,487)
weakened 5% (2012: 5%)
43,195
33,311
43,190
35,487
BHD/RM strengthened 5% (2012: 5%)
1,962
1,108
1,962
1,108
weakened 5% (2012: 5%)
(1,962)
(1,108)
(1,962)
(1,108)
NTD/RM strengthened 5% (2012: 5%)
(291)
205
(291)
30
weakened 5% (2012: 5%)
291
(205)
291
(30)
QR/RM strengthened 5% (2012: 5%)
1,271
2,992
(30)
163
weakened 5% (2012: 5%)
(1,271)
(2,992)
30
(163)
INR/RM strengthened 5% (2012: 5%)
2,120
2,286
-
-
weakened 5% (2012: 5%)
(2,120)
(2,286)
-
-
45. Capital management
The primary objective of the Group’s capital management is to ensure that it maintains a strong credit rating and
healthy capital ratios in order to support its business and maximise shareholder value. The capital management
approaches remain unchanged for the current and previous years.
The Group monitors and maintains a prudent level of net gearing ratio, which is net debt divided by total capital, to
optimise shareholders value and to ensure compliance under debt covenants.
The Group includes within net debt, loans and borrowings less cash and bank balances and investment securities.
Capital includes equity attributable to the owners of the Company and non controlling interests.
Notes to the Financial Statements
31 July 2013