NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 147 - 39. Financial Instruments (Cont’d) (b) Financial risk management objectives and policies (Cont’d) (iii) Market risks (Cont’d) (a) Foreign currency risk (Cont’d) Currency risk sensitivity analysis Foreign currency risk arises from Group entities mainly have RM and SGD functional currencies. The exposure to currency risk of Group entities other than RM and SGD functional currencies is not material and hence, sensitivity analysis is not presented. The following demonstrates the sensitivity of the Group’s loss after tax to a reasonably possible change in the USD, EUR, SGD, GBP, CAD, THB, KYAT and NOK exchange rates against RM as well as in the USD, EUR, GBP, RMB, AED, MYR and AUD exchange rates against SGD, with all other variables held constant: Effect on loss Change in currency rate before tax RM Group 30.6.2024 USD/SGD Strengthened 10% 1,056,688 Weakened 10% (1,056,688) EUR/SGD Strengthened 10% (18,143) Weakened 10% 18,143 GBP/SGD Strengthened 10% 8,541 Weakened 10% (8,541) RMB/SGD Strengthened 10% (451,083) Weakened 10% 451,083 AED/SGD Strengthened 10% 151,660 Weakened 10% (151,660) MYR/SGD Strengthened 10% (11,128) Weakened 10% 11,128 AUD/SGD Strengthened 10% 15,654 Weakened 10% (15,654) JPY/SGD Strengthened 10% (166) Weakened 10% 166 USD/RM Strengthened 10% 410,638 Weakened 10% (410,638) 224 DESTINI BERHAD ANNUAL REPORT 2024
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