Financial Statements Financial Statements Press Metal Aluminium Holdings Berhad 292 293 Integrated Annual Report 2023 Notes to the Financial Statements Notes to the Financial Statements 28. FINANCIAL INSTRUMENTS (CONT’D) 28.7 Hedging activities (cont’d) 28.7.3 Cash flow hedge At as the end of the reporting period, the Group held the following instruments to hedge exposures to changes in foreign currency and commodity prices. Group Maturity Under 1 year RM’000 1 - 2 years RM’000 2 - 5 years RM’000 More than 5 years RM’000 2023 Foreign currency risk Loans and borrowings 312,120 312,120 353,103 - Forward exchange contracts Net exposure 4,134,720 2,950,745 7,111,102 2,257,130 Average MYR:USD forward contract 4.426 4.406 4.436 4.470 Average MYR:CNY forward contract 0.651 - - - Average MYR:GBP forward contract 5.826 - - - Average AUD:USD forward contract 0.673 - - - Average CNY:USD forward contract 7.101 - - - Average AUD:MYR forward contract 3.032 - - - Cross currency swaps Net exposure 550,000 700,000 800,000 335,000 Average MYR:USD cross currency swaps 4.187 4.192 4.222 4.187 Commodity price risk Commodity swaps and options Net exposure 1,826,766 1,414,868 826,255 - Average USD/MT commodity swaps and options 2,617 2,569 2,602 - 28. FINANCIAL INSTRUMENTS (CONT’D) 28.7 Hedging activities (cont’d) 28.7.3 Cash flow hedge (cont’d) Group Maturity Under 1 year RM’000 1 - 2 years RM’000 2 - 5 years RM’000 More than 5 years RM’000 2022 Foreign currency risk Loans and borrowings 298,520 298,520 518,955 - Forward exchange contracts Net exposure 3,158,559 2,401,180 6,373,961 2,777,472 Average MYR:USD forward contract 4.368 4.423 4.465 4.557 Average AUD:USD forward contract 0.674 0.664 - - Average AUD:MYR forward contract 3.106 - - - Average CNY:USD forward contract 7.010 - - - Cross currency swaps Net exposure 250,000 550,000 1,150,000 600,000 Average MYR:USD cross currency swaps 4.297 4.176 4.178 4.226 Commodity price risk Commodity swaps and options Net exposure 4,989,843 1,065,941 - - Average USD/MT commodity swaps and options 2,554 2,791 - -
RkJQdWJsaXNoZXIy NDgzMzc=