Press Metal Aluminium Holdings Berhad SECTION 6 • FINANCIAL STATEMENTS 324 Notes to the Financial Statements 28. FINANCIAL INSTRUMENTS (CONT’D) 28.7 Hedging activities (cont’d) 28.7.3 Cash flow hedge (cont’d) Changes in the value of hedging instrument recognised in other comprehensive income RM’000 Amount reclassified from hedge reserve to profit or loss RM’000 Line item in profit or loss affected by the reclassification Group 2024 Foreign currency risk Loans and borrowings 47,138 6,051 Revenue Forward exchange contracts 330,214 134,519 Revenue Cross currency swaps 67,449 41,376 Other expenses Commodity price risk Commodity swaps and options 507,826 (392,925) Revenue 2023 Foreign currency risk Loans and borrowings (11,659) 7,357 Revenue Forward exchange contracts (677,489) 162,855 Revenue Cross currency swaps (137,236) 22,855 Other expenses Commodity price risk Commodity swaps and options 331,367 (212,332) Revenue Company 2024 Foreign currency risk Cross currency swaps 51,577 24,869 2023 Foreign currency risk Cross currency swaps (84,314) - The hedge ineffectiveness arising from the above items is immaterial to be recognised in profit or loss for both the current and previous financial years.
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