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DYNA-MAC HOLDINGS LTD.
2016 ANNUAL REPORT
99
Performance At A Glance
Financial Report
Corporate Governance and Transparency
Sustainable Growth
Year in Review
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31 December 2016
31.
FINANCIAL RISK MANAGEMENT
(CONT’D)
(a) Market risk (Cont’d)
(i)
Currency risk
(Cont’d)
SGD USD RMB PHP Others
Total
$’000 $’000 $’000 $’000 $’000 $’000
2015
Financial assets
Cash and bank balances
44,090 38,916
455
98 1,652 85,211
Restricted cash at bank
3,214
–
–
–
–
3,214
Trade and other receivables
66,247 94,717
42
154 494 161,654
Deposits
1,264
–
10
20 243 1,537
114,815 133,633
507
272 2,389 251,616
Financial liabilities
Trade and other payables*
(95,342)
(532)
(209)
(345) (3,973) (100,401)
Bank borrowings and unsecured
unquoted fixed rate notes
(83,723)
–
–
–
– (83,723)
Finance lease liabilities
(179)
–
–
–
–
(179)
(179,244)
(532)
(209)
(345) (3,973) (184,303)
Net financial (liabilities)/assets
(64,429) 133,101
298
(73) (1,584) 67,313
Add: Expected progress billings
in foreign currencies
#
– 126,460
–
–
– 126,460
Less: Currency forwards
– (68,923)
–
–
– (68,923)
Currency profile of financial
(liabilities)/assets
(64,429) 190,638
298
(73) (1,584) 124,850
*
Excludes advances received on construction contracts.
# Translated at year-end closing rate