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) Sensitivity analysis A 5% strengthening of the following major currencies against the functional currency of each of the Group’s entities at the reporting date held by the Group and the Company would (decrease)/increase profit and other components of equity before any tax effect by the amounts shown below. Similarly, a 5% weakening would have the equal but opposite effect. This analysis assumes that all other variables, in particular interest rates, remain constant. 2024 2023 Profit before tax Equity Profit before tax Equity $’000 $’000 $’000 $’000 Group United States Dollar 18,735 (15,597) (17,513) (10,261) Singapore Dollar (1,480) – (1,452) – Hong Kong Dollar 8,615 – 8,421 – Australian Dollar (6,186) – (5,437) – Sterling Pound 8,871 – 17,966 – Renminbi 86,649 (48,008) 8,244 (687) Japanese Yen (4,236) – 16,358 (11,871) Euro (22,582) (14,858) (1,886) (2,978) Thai Baht 10,520 – 10,041 – Company United States Dollar 20,432 – 20,221 – Hong Kong Dollar (933) – (820) – Japanese Yen (3,622) – 2,882 – Sterling Pound (3,476) – (2,355) – Renminbi 47,929 – 47,430 – Australian Dollar (6,253) – (6,026) – Euro (14) – (15) – Equity price risk The Group and the Company are exposed to equity price changes arising on its quoted equity investments at FVOCI and FVTPL. A change in the underlying equity prices of the quoted investments at the reporting date by 5% for the Group and the Company would impact profit and other components of equity (before any tax effect) by the amounts shown below. Similarly, a change in the revalued net asset values of the unquoted equity investments at FVOCI and FVTPL and a change in the price-to-sales multiple for the unquoted equity investments at FVTPL by 5% for the Group and the Company would impact profit and other components of equity (before any tax effect) by the amounts shown below. This analysis assumes that all other variables remain constant. FINANCIALS CITY DEVELOPMENTS LIMITED 190
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