207 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD 33. FINANCIAL INSTRUMENTS (CONT’D) 33.2 Financial risk management objectives and policies (cont’d) Financial risk (cont’d) The main areas of financial risks faced by the Group and the Company and the policy in respect of the major areas of treasury activity are set out as follows (cont’d):- (d) Foreign currency risk (cont’d) The Group’s exposure to foreign currency risk, based on carrying amounts as at the end of reporting period was (cont’d):- USD SGD IDR JPY RM’000 RM’000 RM’000 RM’000 2023 Trade receivables 4 7,815 70 3 Other receivables 93 4,554 6,582 - Trade payables (3,335) (1,672) (2,586) (5) Other payables - (2,496) (2,401) - Cash and bank balances 365 7,427 1,431 16 (2,873) 15,628 3,096 14 The following table demonstrates the sensitivity of the Group’s profit for the financial year to a reasonably possible change in the USD, SGD, IDR, GBP, JPY and EUR exchange rates against the respective functional currencies of the Group entities, with all other variables held constant. Profit, net of tax/Equity 2024 2023 RM’000 RM’000 USD/RM - strengthened 0.27%/0.34% (7) (7) - weakened 0.27%/0.34% 7 7 SGD/RM - strengthened 0.44%/0.50% 20 59 - weakened 0.44%/0.50% (20) (59) JPY/RM - strengthened 0.93%/0.24% 2 - * - weakened 0.93%0.24% (2) (-) * GBP/RM - strengthened 0.39%/Nil% 1 - - weakened 0.39%/Nil% (1) - IDR/RM - strengthened 0.64%/0.44% 57 10 - weakened 0.64%/0.44% (57) (10) EUR/RM - strengthened 0.72%/Nil% -* - - strengthened 0.64%/Nil% (-)* - * Amount is negligible
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