NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 311 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 51. FINANCIAL RISK MANAGEMENT (CONT’D.) (b) Market risk (cont’d.) (ii) Foreign currency exchange risk (cont’d.) Currency rate sensitivity analysis (cont’d.) The currency exposure as at reporting date as below: Currency 2023 RM’000 2022 RM’000 USD (15,699) (1,962) SGD 880 2,169 GBP 1,214 (63) JPY (3,136) (866) Others 393 (363) (16,348) (1,085) Currency Changes in foreign exchange Rates Impact on profit or loss 2023 RM’000 Impact on equity 2023 RM’000 Changes in foreign exchange Rates Impact on profit or loss 2022 RM’000 Impact on equity 2022 RM’000 AUD 5% (1) - 5% (11) - CHF 5% 1 - 5% - - CNY 5% 4 - 5% 3 - EUR 5% (4) - 5% (10) - GBP 5% 61 - 5% (3) - HKD 5% 7 - 5% (12) - IDR 5% 1 - 5% 5 - JPY 5% (157) - 5% (43) - NZD 5% 8 - 5% (1) - PHP 5% 2 - 5% 2 - SGD 5% 44 - 5% 108 - THB 5% - - 5% 4 - USD 5% (785) - 5% (98) - Arising from the Group’s investment in the associate company in Saudi Arabia, there is a natural position held in foreign currency exposure in Saudi Riyal. The following shows the impact of a 5% price movement on this position: Currency Changes in foreign exchange Rates Impact on profit or loss 2023 RM’000 Impact on equity 2023 RM’000 Changes in foreign exchange Rates Impact on profit or loss 2022 RM’000 Impact on equity 2022 RM’000 SAR 5% - (6,038) 5% - (4,961)
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