NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 22. CASH AND BANK BALANCES (Cont’d) (f) The following table demonstrates the sensitivity analysis of the Group and of the Company to a reasonably possible change in the PHP, USD, THB, AUD, SGD, IDR and HKD exchange rates against the respective functional currencies of the Group entities, with all other variables held constant: Group Company 2023 2022 2023 2022 RM RM RM RM Profit after taxation/Retained earnings/ (Accumulated losses) PHP/RM - strengthen by 10% (2022: 10%) 4,181,592 3,782,035 - - PHP/RM - weaken by 10% (2022: 10%) (4,181,592) (3,782,035) - - USD/RM - strengthen by 10% (2022: 10%) 604,450 427,912 9,110 150,061 USD/RM - weaken by 10% (2022: 10%) (604,450) (427,912) (9,110) (150,061) THB/RM - strengthen by 10% (2022: 10%) 1,629,208 932,407 2,041 1,933 THB/RM - weaken by 10% (2022: 10%) (1,629,208) (932,407) (2,041) (1,933) AUD/RM - strengthen by 10% (2022: 10%) 249,114 154,870 - - AUD/RM - weaken by 10% (2022: 10%) (249,114) (154,870) - - SGD/RM - strengthen by 10% (2022: 10%) 21,363 15,019 - - SGD/RM - weaken by 10% (2022: 10%) (21,363) (15,019) - - IDR/RM - strengthen by 10% (2022: 10%) 11,265 11,783 - - IDR/RM - weaken by 10% (2022: 10%) (11,265) (11,783) - - HKD/RM - strengthen by 10% (2022: 10%) 1,412 1,331 - - HKD/RM - weaken by 10% (2022: 10%) (1,412) (1,331) - - (g) No expected credit losses were recognised arising from the cash and bank balances and deposits with financial institutions because the probability of default by these financial institutions were negligible. 143 ANNUAL REPORT 2023
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