NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2025 41 FINANCIAL INSTRUMENTS (CONT’D) (iv) Hedge accounting (cont’d) Net investment hedges (cont’d) 2025 Net investments in certain foreign subsidiaries whose functional currencies are denominated in United States Dollar, Euro and Renminbi 2024 Net investments in certain foreign subsidiaries whose functional currencies are denominated in United States Dollar, Euro and Renminbi Cash flow hedges At 31 December 2025 and 31 December 2024, 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 2025 Interest rate risk – Interest rate swaps $1,116,850,000 equivalent 6,290 Derivative financial assets – Interest rate swaps $1,910,169,000 equivalent (13,566) Derivative financial liabilities 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 214 | CITY DEVELOPMENTS LIMITED
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