NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2024 41 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 $’000 $’000 $’000 Group 31 December 2024 Financial assets 16,931 – – Trade and other receivables* 71 1,067 – Cash and cash equivalents 18,531 4,572 48 Amounts owing by/(to) subsidiaries (net) 1,019,363 (158,201) 193,693 Interest-bearing borrowings (951,773) – (21,185) Trade and other payables** (1,816) (138) (260) Net statement of financial position exposure 101,307 (152,700) 172,296 Forward exchange contracts – – – Cross-currency swaps (38,591) 123,093 – Net exposure 62,716 (29,607) 172,296 31 December 2023 Financial assets 16,304 – – Trade and other receivables* 269 877 – Cash and cash equivalents 11,507 989 55 Amounts owing by/(to) subsidiaries (net) 374,440 (30,509) 188,286 Interest-bearing borrowings (917,931) – (19,813) Trade and other payables** (2,488) (405) (91) Net statement of financial position exposure (517,899) (29,048) 168,437 Forward exchange contracts – – – Cross-currency swaps (37,591) – – Net exposure (555,490) (29,048) 168,437 * Excluding prepayments ** Excluding deferred income FINANCIALS CITY DEVELOPMENTS LIMITED 186
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