NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2022 (cont’d) 46. FINANCIAL INSTRUMENTS (CONT’D) (b) Financial risk management objectives and policies (cont’d) (iii) Market risk (cont’d) (a) Foreign currency risk (cont’d) The carrying amounts of the Group’s and the Company’s foreign currency denominated financial assets and financial liabilities at the end of the reporting periods are as follows: (cont’d) AUD SGD Total RM’000 RM’000 RM’000 Company 2022 Financial asset Cash and bank balances - 129 129 Financial liability Term loans (81,767) - (81,767) Net financial (liabilities)/assets (81,767) 129 (81,638) 2021 Financial asset Cash and bank balances - 129 129 Foreign currency sensitivity analysis The following table demonstrates the sensitivity of the Group’s and of the Company’s profit before tax for the financial year to reasonably possible change in the AUD, USD, SGD, IDR and PHP exchange rates against RM, which all other variables held constant. 2022 2021 RM’000 RM’000 Group Effects on profit after tax: AUD/RM Strengthen by 1% (2021: Nil) (818) - Weakened by 1% (2021: Nil) 818 - USD/RM Strengthen by 1% (2021: 1%) (244) (216) Weakened by 1% (2021: 1%) 244 216 SGD/RM Strengthen by 1% (2021: 1%) # 1 Weakened by 1% (2021: 1%) # (1) 238
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