264 MKH BERHAD | ANNUAL REPORT 2023 44. 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 2023 2022 RM RM The Group USD/RM Strengthened 5% 2,800 2,800 Weakened 5% (2,800) (2,800) USD/RMB Strengthened 3% 14,100 6,000 Weakened 3% (14,100) (6,000) USD/IDR Strengthened 5% (1,300) 100,500 Weakened 5% 1,300 (100,500) Translation reserve 2023 2022 RM RM The Group IDR/RM Strengthened 5% 15,036,200 13,325,800 Weakened 5% (15,036,200) (13,325,800) RMB/RM Strengthened 3% 1,151,600 1,054,400 Weakened 3% (1,151,600) (1,054,400) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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