APM AUTOMOTIVE HOLDINGS BERHAD
106
NOTES TO THE
FINANCIAL STATEMENTS
35. Financial risk management (continued)
35.2 Liquidity risk (continued)
Maturity analysis (continued)
Carrying
amount
Contractual
interest rate
Contractual
cash flow
Under
1 year
1 -3
years
Group
RM’000
% RM’000
RM’000
RM’000
2013
Non-derivative financial
liabilities
Unsecured bankers’
acceptances
541
3.80
541
541
-
Unsecured foreign currency
loan
12,306
0.90
12,357
12,357
-
Trade and other payables,
excluding derivatives
215,605
215,605
215,605
-
228,452
228,503
228,503
-
Derivative financial liabilities
Forward exchange contracts
(gross settled):
Outflow
181
20,084
20,084
-
Inflow
-
(19,903)
(19,903)
-
228,633
228,684
228,684
-
Company
2013
Non-derivative financial
liabilities
Trade and other payables,
excluding derivatives
6,131
6,131
6,131
-
35.3 Market risk
Market risk is the risk that changes in market prices, such as foreign exchange rates, interest rates and
other prices will affect the Group’s financial position or cash flows. The Group is exposed to risk arising
from foreign exchange rates and interest rates.
35.3.1 Currency risk
The Group is exposed to foreign currency risk through normal trading activities on sales and
purchases transactions that are denominated in a currency other than the respective functional
currencies of Group entities. The currencies giving rise to this risk are primarily US dollar (USD),
Japanese Yen (JPY), Euro Dollar (EURO), Australian Dollar (AUD), Thai Baht (THB) and Indonesia
Rupiah (IDR).
