NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2023 (cont’d) 45. FINANCIAL INSTRUMENTS (CONT’D) (b) Financial risk management objectives and policies (Cont’d) (iii) Market risk (Cont’d) (a) Foreign currency risk (Cont’d) 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, PHP, IDR and CNY exchange rates against RM, which all other variables held constant. 2023 2022 RM’000 RM’000 Group Effects on profit after tax: AUD/RM Strengthened by 1% (2022: 1%) (668) (818) Weakened by 1% (2022: 1%) 668 818 USD/RM Strengthened by 1% (2022: 1%) (183) (223) Weakened by 1% (2022: 1%) 183 223 SGD/RM Strengthened by 1% (2022: 1%) # # Weakened by 1% (2022: 1%) (#) (#) PHP/RM Strengthened by 1% (2022: 1%) 25 25 Weakened by 1% (2022: 1%) (25) (25) IDR/RM Strengthened by 1% (2022: 1%) (#) (#) Weakened by 1% (2022: 1%) # # CNY/RM Strengthened by 1% (2022: 1%) # - Weakened by 1% (2022: 1%) (#) - 250 MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) INANCIAL INSTRUMENTS
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