Page 138 - ar2011_cosco

Notes To The Financial Statements
For The Financial Year Ended 31 December 2011
136 COSCO Corporation (Singapore) Limited
Annua l Repor t 2011
35. Financial risk management (continued)
(a) Market risk (continued)
(i) Currency risk (continued)
SGD USD RMB Others* Total
$’000 $’000 $’000 $’000 $’000
At 31 December 2010
Financial assets
Cash and cash equivalents and
available-for-sale financial assets 74,475 308,646 462,625 24,889 870,635
Trade and other receivables,
excluding advances paid to
suppliers 15,415 864,332 229,860 57,370 1,166,977
Receivables from subsidiaries – – 2,655 – 2,655
Other financial assets 284 – 1,365 38 1,687
90,174 1,172,978 696,505 82,297 2,041,954
Financial liabilities
Borrowings 3 281,099 711,111 – 992,213
Payables to subsidiaries – – 2,655 – 2,655
Other financial liabilities 16,192 80,158 1,490,298 4,328 1,590,976
16,195 361,257 2,204,064 4,328 2,585,844
Net financial assets/(liabilities) 73,979 811,721 (1,507,559) 77,969 (543,890)
Less: Net financial assets/(liabilities)
denominated in the respective
entities’ functional currencies (73,628) (108,500) 1,507,562 (2,298)
Add: Firm commitments and highly
probable forecast transactions
in foreign currencies – 3,143,108 – 72,709
Currency exposure 351 3,846,329 3 148,380
* Others mainly include Euro, Japanese Yen and Malaysian Ringgit.