NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2025 41 FINANCIAL INSTRUMENTS (CONT’D) (iii) Market risk (cont’d) Foreign currency risk (cont’d) United States Dollar Hong Kong Dollar $’000 $’000 Company 31 December 2025 Trade and other receivables* – – Cash and cash equivalents 33 13 Amounts owing by subsidiaries (net) 523,665 2,635 Interest-bearing borrowings (797) (20,795) Trade and other payables** (2) (19) Net statement of financial position exposure 522,899 (18,166) Foreign exchange swaps contracts (131,418) – Cross-currency swaps – – Net exposure 391,481 (18,166) 31 December 2024 Trade and other receivables* – – Cash and cash equivalents 2 14 Amounts owing by subsidiaries (net) 585,236 2,715 Interest-bearing borrowings (137,729) (21,185) Trade and other payables** (288) (198) Net statement of financial position exposure 447,221 (18,654) Foreign exchange swaps contracts – – Cross-currency swaps (38,591) – Net exposure 408,630 (18,654) * Excluding prepayments ** Excluding deferred income 208 | CITY DEVELOPMENTS LIMITED
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