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66 / 104

207 19 (24) 202

201 36 (30) 207

142

59 - 201

1,538 (1,538) - - - - - 202

1,538 (1,538) - - - - - 207

- - - 1,538 (308) (1,230) - 201

31 Jan 2004

31 July 2003

31 Dec 2002

$000

$000

$000

Patents and Trademarks Patents and trademarks at beginning of period Acquisitions Current period amortisation Patents and trademarks at end of period Goodwill on Consolidation Goodwill (gross) at beginning of the period Amortisation charge Unamortised balance at beginning of the period Goodwill arising on acquisition of subsidiary Current period amortisation Impairment charge Goodwill at end of the period Total Intangible Assets

PUMPKIN PATCH LIMITED & SUBSIDIARIES NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE 6 MONTHS ENDED 31 JANUARY 2004 (CONTINUED)

20. Intangible Assets

Group

  • 21.

    Financial Instruments

    • (a)

      Currency and Interest Rate Risk

Nature of activities and management policies with respect to financial instruments:

1. Currency

The Group undertakes transactions denominated in foreign currencies from time to time, and resulting from these activities, exposures in foreign currency arise. It is the Group’s policy to hedge foreign currency risks as they arise except for foreign currency risks authorised by the Board. To manage these exposures, the Group uses forward foreign exchange contracts and foreign currency options.

The notional principal or contract amounts of foreign exchange instruments outstanding at balance date are:

31 Jan 2004

31 July 2003

31 Dec 2002

$000

$000

$000

38,971

22,627

28,442

5,276

11,009

9,529

44,247

33,636

37,971

Forward foreign exchange contracts Forward options Total

The cash settlement requirements of the forward foreign exchange contracts and options approximates the notional amount shown above.

2.

Interest Rate

The Group has long-term fixed rate borrowings which are used to fund on-going activities. Management monitors the levels of interest rates on an on-going basis and periodically will lock in fixed rates on the next floating reset, when they are of the view that interest rates may increase.

64

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