X hits on this document

573 views

0 shares

0 downloads

0 comments

96 / 159

94

Notes to the Consolidated Financial Statements

For the year ended 31 December 2010

  • 6.

    Financial risk management objectives and policies (continued)

    • (a)

      Market risk (continued)

      • (ii)

        Currency risk

The Group has certain bank deposits, notes receivable and structured notes included in financial assets carried at FVTPL that are denominated in foreign currencies which expose the Group to foreign currency risk. The Group manages its foreign currency risk by closely monitoring the movement of the foreign currency rate and where necessary, using foreign exchange derivative contracts.

Foreign currency risk management

The carrying amounts of the Groups foreign currency denominated monetary assets and monetary liabilities at the reporting date are as follows:

Assets

Liabilities

Pound Sterling

42,218

101,631

431

United States dollars

261,662

1,282,520

2,600

2,104

Euro dollars

2,290

49

6

52

Australian dollars

133,782

99,024

New Zealand dollars

749

4,211

2010

2009

2010

2009

HK$000

HK$000

HK$000

HK$000

Great Eagle Holdings Limited

Document info
Document views573
Page views573
Page last viewedFri Jan 20 07:02:11 UTC 2017
Pages159
Paragraphs5076
Words46836

Comments