NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 41 FINANCIAL INSTRUMENTS (CONT’D) (iii) Market risk (cont’d) Foreign currency risk (cont’d) United States Dollar Hong Kong Dollar Japanese Yen Sterling Pound Renminbi Australian Dollar Euro $’000 $’000 $’000 $’000 $’000 $’000 $’000 Company 31 December 2023 Trade and other receivables* – – (8) 3,092 – – – Cash and cash equivalents 2 14 – 1,898 81 12 – Amounts owing by subsidiaries (net) 545,304 3,427 452,496 4,305,603 1,430,437 103,923 33,068 Interest-bearing borrowings (102,076) (19,813) (125,587) (3,269,092) (99,898) (223,803) – Trade and other payables** (1,226) (33) (29) (27,844) (181) (642) – Net statement of financial position exposure 442,004 (16,405) 326,872 1,013,657 1,330,439 (120,510) 33,068 Forward exchange contracts – – (237,420) (926,314) (94,650) – (33,360) Cross-currency swaps (37,591) – (31,806) (134,448) (287,188) – – Net exposure 404,413 (16,405) 57,646 (47,105) 948,601 (120,510) (292) 31 December 2022 Cash and cash equivalents 5 14 – 6,026 85 12 – Amounts owing by subsidiaries (net) 532,648 21,342 206,377 3,445,580 1,319,356 203,604 34,077 Interest-bearing borrowings (54,590) (19,208) (90,817) (2,396,571) (146,579) (139,552) – Trade and other payables** (116) (32) (115) (7,484) (326) (284) – Net statement of financial position exposure 477,947 2,116 115,445 1,047,551 1,172,536 63,780 34,077 Forward exchange contracts – – – (928,587) – – (34,364) Cross-currency swaps – – (109,063) (130,120) (217,082) (49,298) – Net exposure 477,947 2,116 6,382 (11,156) 955,454 14,482 (287) * Excluding prepayments ** Excluding deferred income FINANCIALS FINANCIALS ANNUAL REPORT 2023 CITY DEVELOPMENTS LIMITED 233 232
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