Registration No. 200301030845 (633265-K) - 148 - 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 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: (Cont’d) Effect on loss Change in currency rate before tax RM Group 31.12.2022 USD/SGD Strengthened 10% 135,547 Weakened 10% (135,547) EUR/SGD Strengthened 10% (5,308) Weakened 10% 5,308 GBP/SGD Strengthened 10% 43,019 Weakened 10% (43,019) RMB/SGD Strengthened 10% (376,770) Weakened 10% 376,770 AED/SGD Strengthened 10% 1,378,717 Weakened 10% (1,378,717) MYR/SGD Strengthened 10% (25,562) Weakened 10% 25,562 AUD/SGD Strengthened 10% 87,624 Weakened 10% (87,624) SAR/SGD Strengthened 10% (139,212) Weakened 10% 139,212 JPY/SGD Strengthened 10% (158) Weakened 10% 158 USD/RM Strengthened 10% 354,213 Weakened 10% (354,213) 225 DESTINI BERHAD ANNUAL REPORT 2024
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