34. FINANCIAL INSTRUMENTS (CONTINUED) 34.6 Market risk (continued) 34.6.1 Foreign currency risk (continued) Exposure to foreign currency risk (continued) Denominated in USD 31.12.2023 RM’000 30.6.2022 RM’000 Company Balances recognised in the statement of financial position Cash and cash equivalents 29,915 3 Net exposure 29,915 3 Currency risk sensitivity analysis A 10% (30.6.2022: 10%) strengthening of Ringgit Malaysia against the following currencies at the end of the reporting period would have decreased post-tax profit or loss by the amounts shown below. This analysis assumes that all other variables, remained constant. Group Profit or loss Company Profit or loss 1.7.2022 to 31.12.2023 RM’000 1.7.2021 to 30.6.2022 RM’000 1.7.2022 to 31.12.2023 RM’000 1.7.2021 to 30.6.2022 RM’000 USD (2,479) (11) (2,274) – Euro 168 62 – – GBP (14,103) (14,372) – – SGD 12 (23) – – IDR – – – – JPY 136 149 – – A 10% (30.6.2022: 10%) weakening of Ringgit Malaysia against the above currencies at the end of the reporting period would have had equal but opposite effect on the above currencies to the amounts shown above, on the basis that all other variables remained constant. There is no impact on the Group’s and the Company’s equity. Financial Statements DAGANG NeXCHANGE BERHAD 292 NOTES TO THE FINANCIAL STATEMENTS
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