NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 23. Financial risk management objectives and policies (cont’d) (d) Foreign currency risk (cont’d) The Group’s and the Fund’s exposure to foreign currency risk, based on carrying amounts of assets and liabilities as at the end of the reporting period was: Group Fund 2021 2020 2021 2020 RM RM RM RM Denominated in AUD Trade receivables 19,814,463 20,950,135 - - Cash and cash equivalents 26,732,251 22,459,995 7,205,394 10,369,231 Other receivables - - - - Other payables (351,539) (343,726) - - Net exposure in the statements of financial position 46,195,175 43,066,404 7,205,394 10,369,231 Sensitivity analysis for foreign currency risk The following table demonstrates the sensitivity of the Group’s and the Fund’s profit/(loss) net of tax to a reasonably possible change in the AUD exchange rates against the functional currency of the Group and the Fund, with all other variables held constant. Other comprehensive income Group Fund 2021 2020 2021 2020 RM RM RM RM AUD Strengthened 5% 2,309,759 2,153,320 360,270 518,462 Weakened 5% (2,309,759) (2,153,320) (360,270) (518,462) 24. Segment reporting The Group has a single operating segment. For management purposes, the Group is organised into business units based on the geographical location of customers and assets, and has two reportable segments as follows: (i) Malaysia (ii) Australia Management monitors the operating results of its business units separately for the purpose of making decisions on resource allocation and performance assessment. Segment performance is evaluated based on operating profit. AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 20201 194
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