NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 42 FINANCIAL INSTRUMENTS (CONT’D) (iii) Market risk (cont’d) Foreign currency risk (cont’d) The Group’s and the Company’s exposure to foreign currencies are as follows: United States Dollar Singapore Dollar Hong Kong Dollar Australian Dollar Sterling Pound Renminbi Japanese Yen Euro Thai Baht New Zealand Dollar Others $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Group 31 December 2022 Financial assets 16,410 – – 4,548 – – – – – – – Trade and other receivables* 266 865 – 103 2,955 2,928 – 21,839 – – 391 Cash and cash equivalents (net of cash pool overdrafts) (176,383) 5,240 165 195 6,730 2,681 1,319 (62,964) 2 – 216 Amounts owing by subsidiaries (net) 815,565 73,544 209,597 125,302 3,440,526 489,210 289,631 10 165,287 8,939 258 Interest-bearing borrowings (697,248) – (19,208) (139,552) (2,396,571) (146,579) (90,817) – – – – Trade and other payables** (1,133) (193) (97) (284) (7,508) (388) (115) – – – (9) Net statement of financial position exposure (42,523) 79,456 190,457 (9,688) 1,046,132 347,852 200,018 (41,115) 165,289 8,939 856 Forward exchange contracts – – – – (928,587) – – (34,364) – – – Cross-currency swaps – – – (49,298) (130,120) (217,082) (109,063) – – – – Net exposure (42,523) 79,456 190,457 (58,986) (12,575) 130,770 90,955 (75,479) 165,289 8,939 856 31 December 2021 Financial assets 32,680 – – – 7,279 – – – – – – Trade and other receivables* 22,841 773 – 5 1,786 2,633 – 21,068 – – 319 Cash and cash equivalents (net of cash pool overdrafts) (60,436) 1,912 164 38,070 5,157 3,436 47 (67,611) 2 17,370 273 Amounts owing by/(to) subsidiaries (net) 1,284,874 (547,877) 211,158 150,686 3,381,844 547,750 245,387 139,148 169,703 10,168 – Interest-bearing borrowings (1,082,468) – (19,175) (88,015) (2,995,566) (146,800) (54,417) (4,599) – – – Trade and other payables** (1,719) (863) (44) (64) (2,951) (403) (11) – – – (10) Net statement of financial position exposure 195,772 (546,055) 192,103 100,682 397,549 406,616 191,006 88,006 169,705 27,538 582 Forward exchange contracts – – – – (571,093) (603,117) (85,852) (34,493) – – – Cross-currency swaps 157,327 – – – – (347,429) (41,772) (157,327) – – – Net exposure 353,099 (546,055) 192,103 100,682 (173,544) (543,930) 63,382 (103,814) 169,705 27,538 582 * Excluding prepayments ** Excluding deferred income CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2022 FINANCIALS 232 233
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