Integrated Annual Report 2024 SECTION 6 • FINANCIAL STATEMENTS 319 Notes to the Financial Statements 28. FINANCIAL INSTRUMENTS (CONT’D) 28.7 Hedging activities (cont’d) 28.7.3 Cash flow hedge As at the end of the reporting period, the Group held the following instruments to hedge exposures to changes in foreign currency and commodity prices. Maturity Under 1 year RM’000 1 - 2 years RM’000 2 - 5 years RM’000 More than 5 years RM’000 Group 2024 Foreign currency risk Loans and borrowings 304,334 328,631 15,664 - Forward exchange contracts Net exposure 3,525,782 2,994,646 6,371,174 1,185,570 Average MYR:USD forward contract 4.4723 4.4867 4.4982 4.5015 Average MYR:CNY forward contract 0.6148 - - - Average AUD:USD forward contract 0.6700 - - - Average CNY:USD forward contract 7.0807 - - - Cross currency swaps Net exposure - 200,000 915,000 85,000 Average MYR:USD cross currency swaps - 4.1870 4.3371 1.0000 Commodity price risk Commodity swaps and options Net exposure 3,900,339 4,117,451 2,789,355 - Average USD/MT commodity swaps and options 2,595 2,680 2,757 -
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