NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2024 41 FINANCIAL INSTRUMENTS (CONT’D) (iv) Hedge accounting (cont’d) Net investment hedges (cont’d) 2024 Net investments in certain foreign subsidiaries whose functional currencies are denominated in United States Dollar, Euro and Renminbi 2023 Net investments in certain foreign subsidiaries whose functional currencies are denominated in United States Dollar, Euro, Renminbi and Japanese Yen. Cash flow hedges At 31 December 2024 and 31 December 2023, the Group held certain interest rate swaps to hedge exposures to changes in interest rates. Notional amount Carrying amount – Assets/(Liabilities) Line item in the statement of financial position where the hedging instrument is included $’000 Group Cash flow hedges 2024 Interest rate risk – Interest rate swaps $1,192,503,000 equivalent 10,102 Derivative financial assets – Interest rate swaps $818,615,000 equivalent (5,666) Derivative financial liabilities 2023 Interest rate risk – Interest rate swaps $872,240,000 equivalent 14,387 Derivative financial assets – Interest rate swaps $843,147,000 equivalent (6,480) Derivative financial liabilities FINANCIALS CITY DEVELOPMENTS LIMITED 194
RkJQdWJsaXNoZXIy ODIwNTc=