MKH Annual Report 2020
230 FINANCIAL STATEMENTS ANNUAL REPORT 2020 43. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONT’D) (iii) Foreign currency risk (Cont’d) Sensitivity analysis for foreign currency risk The following table demonstrates the sensitivity of the Group’s profit for the financial year to a reasonably possible change in the USD exchange rate against their respective functional currencies, with all other variables held constant. Profit for the financial year The Group 2020 RM 2019 RM USD/RM Strengthened 5% (250,400) (87,700) Weakened 5% 250,400 87,700 USD/RMB Strengthened 3% 72,500 15,900 Weakened 3% (72,500) (15,900) USD/IDR Strengthened 5% (4,515,500) (6,683,200) Weakened 5% 4,515,500 6,683,200 Translation reserve The Group 2020 RM 2019 RM IDR/RM Strengthened 5% 5,358,000 4,531,000 Weakened 5% (5,358,000) (4,531,000) RMB/RM Strengthened 3% 849,500 707,300 Weakened 3% (849,500) (707,300)
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