Page 134 - ar2013.pdf

NOTES TO THE FINANCIAL STATEMENTS
For the Ànancial year ended 31 December 2013
132
COSCO Corporation (Singapore) Limited
F i nanc i a l Statement s
34. 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 2012
Financial assets
Cash and cash equivalents and
available-for-sale financial assets 18,658 983,325 679,222 15,875 1,697,080
Trade and other receivables, excluding
advances paid to suppliers 3,909 1,922,471 182,222 1,638 2,110,240
Receivables from subsidiaries – – 15,469 – 15,469
Other financial assets 89 – 1,623 – 1,712
22,656 2,905,796 878,536 17,513 3,824,501
Financial liabilities
Borrowings – 2,153,738 872,713 – 3,026,451
Payables by subsidiaries – – 15,469 – 15,469
Other financial liabilities 8,726 92,329 1,603,709 15,370 1,720,134
8,726 2,246,067 2,491,891 15,370 4,762,054
Net financial assets/(liabilities) 13,930 659,729 (1,613,355) 2,143 (937,553)
Less: Net financial assets/(liabilities)
denominated in the respective
entities’ functional currencies (13,805) (60,866) 1,613,286 –
Add: Firm commitments and highly
probable forecast transactions
in foreign currencies – 2,636,039 – (50,548)
Currency exposure 125 3,234,902 (69) (48,405)
* Others mainly include Euro, Norwegian Kronor and Japanese Yen.