Investor Presentaiton
HKAS 1.51(a)
HKAS 1.49
HK Listco Ltd
Financial statements for the year ended 31 December 2023
HKFRS 7.40 &
B24
HKFRS 7.40(a)
(v) Sensitivity analysis 278, 280
The following table indicates the instantaneous change in the group's profit after tax (and retained
profits) and other components of consolidated equity that would arise if foreign exchange rates to
which the group has significant exposure at the end of the reporting period had changed at that
date, assuming all other risk variables remained constant. In this respect, it is assumed that the
pegged rate between the Hong Kong dollar and the United States dollar would be materially
unaffected by any changes in movement in value of the United States dollar against other
currencies.
HKFRS 7.40(b)
HKFRS 7.40(c)
2023
2022
Increase /
(decrease) in
Effect
Effect
foreign exchange
rates
on profit
after tax and
retained profits
$'000
on other
components of
Increase /
(decrease) in
foreign exchange
Effect
Effect
equity
rates
$'000
on profit
after tax and
retained profits
$'000
on other
components of
equity
$'000
United States Dollars
1%
([❤])%
Euros
1%
([●])%
Japanese Yen
]%
([❤])%
Australian Dollars
1%
([●])%
1%
([●])%
1%
([❤])%
1%
([❤])%
1%
([●])%
Results of the analysis as presented in the above table represent an aggregation of the
instantaneous effects on each of the group entities' profit after tax and equity measured in the
respective functional currencies, and then translated into Hong Kong dollars at the exchange rate
ruling at the end of the reporting period for presentation purposes.
The sensitivity analysis assumes that the change in foreign exchange rates had been applied to re-
measure those financial instruments held by the group which expose the group to foreign currency
risk at the end of the reporting period, including inter-company payables and receivables within the
group which are denominated in a currency other than the functional currencies of the lender or
the borrower. The analysis excludes differences that would result from the translation of the
financial statements of foreign operations into the group's presentation currency and the secured
bank loan that is designated as a hedge of the group's net investment in its subsidiary in Singapore
(see (iii) above). The analysis is performed on the same basis for 2022.
183
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