KENANGA ANNUAL REPORT 2020

288 5 1 2 3 4 6 7 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 50. FINANCIAL RISK MANAGEMENT (CONT’D.) (b) Market risk (cont’d.) (ii) Foreign currency exchange risk (cont’d.) Currency rate sensitivity analysis (cont’d.) Currency * Changes in foreign exchange rates Impact on profit or loss 2020 RM’000 Impact on equity 2020 RM’000 Changes in foreign exchange rates Impact on profit or loss 2019 RM’000 Impact on equity 2019 RM’000 JPY 5% (123) - 5% (102) - NZD 5% 2 - 5% 11 - PHP 5% 2 - 5% 0.44 - SGD 5% 78 - 5% 450 - THB 5% 2 - 5% 3 - USD 5% (360) - 5% 182 - Arising from the Group’s investment in the associate company in Saudi Arabia, there is a natural position held in foreign currency exposure in Riyal. The following shows the impact of a 5% price movement on this position: Currency * Changes in foreign exchange rates Impact on profit or loss 2020 RM’000 Impact on equity 2020 RM’000 Changes in foreign exchange rates Impact on profit or loss 2019 RM’000 Impact on equity 2019 RM’000 SAR 5% - (3,563) 5% - (3,192) * Foreign currency is denoted in the table below: Currency Abbreviation Currency Abbreviation Currency Abbreviation AUD Australian Dollar EUR Euro IDR Indonesian Rupiah CHF Swiss Franc GBP Brithish paund JPY Japanese Yen CNY Chinese Yuan HKD Hong Kong Dollar NZD New Zealan Dollar PHP Philippine Peso THB Thai Baht SAR Saudi Arabian Riyal SGD Singapore Dollar USD US Dollar