DESTINI Annual Report 2020

Change in currency rate Effect on loss before tax RM Group 2020 USD/SGD Strengthened 10% 87,679 Weakened 10% (87,679) EUR/SGD Strengthened 10% 152 Weakened 10% (152) GBP/SGD Strengthened 10% 4,376 Weakened 10% (4,376) RMB/SGD Strengthened 10% (339,242) Weakened 10% 339,242 AED/SGD Strengthened 10% 114,345 Weakened 10% (114,345) MYR/SGD Strengthened 10% (115,240) Weakened 10% 115,240 AUD/SGD Strengthened 10% 29,594 Weakened 10% (29,594) USD/RM Strengthened 10% (723,009) Weakened 10% 723,009 EUR/RM Strengthened 10% (868,952) Weakened 10% 868,952 GBP/RM Strengthened 10% (468,828) Weakened 10% 468,828 NOK/RM Strengthened 10% 52,666 Weakened 10% (52,666) 38. Financial Instruments (Cont’d) (c) Financial risk management objectives and policies (Cont’d) (iii) Market risks (Cont’d) (a) Foreign currency risk (Cont’d) Currency risk sensitivity analysis Foreign currency risk arises from Group entities mainly have RM and SGD functional currencies. The exposure to currency risk of Group entities other than RM and SGD functional currencies is not material and hence, sensitivity analysis is not presented. The following demonstrates the sensitivity of the Group’s loss after tax to a reasonably possible change in the USD, EUR, SGD, GBP, CAD, THB, KYAT and NOK exchange rates against RM as well as in the USD, EUR, GBP, RMB, AED, MYR and AUD exchange rates against SGD, with all other variables held constant: ANNUAL REPORT 2020 DESTINI BERHAD Notes to Financial Statements 188