NOTES TO THE FINANCIAL STATEMENTS Cont’d 29. Financial instruments cont’d 29.7 Hedging activities cont’d 29.7.3 Cash flow hedge At as the end of the reporting period, the Group held the following instruments to hedge exposures to changes in foreign currency and commodity prices. Maturity Group Under 1 year 1 - 2 years 2 - 5 years More than 5 years RM’000 RM’000 RM’000 RM’000 2022 Foreign currency risk Loans and borrowings 298,520 298,520 518,955 - Forward exchange contracts Net exposure 3,158,559 2,401,180 6,373,961 2,777,472 Average MYR:USD forward contract 4.368 4.423 4.465 4.557 Average AUD:USD forward contract 0.674 0.664 - - Average AUD:MYR forward contract 3.106 - - - Average CNY:USD forward contract 7.010 - - - Cross currency swaps Net exposure 250,000 550,000 1,150,000 600,000 Average MYR:USD cross currency swaps 4.297 4.176 4.178 4.226 Commodity price risk Commodity swaps and options Net exposure 4,989,843 1,065,941 - - Average USD/MT commodity swaps and options 2,554 2,791 - - 2021 Foreign currency risk Loans and borrowings 249,022 325,335 586,070 - Forward exchange contracts Net exposure 2,847,246 1,881,008 5,037,201 3,367,432 Average MYR:USD forward contract 4.274 4.312 4.391 4.428 Average AUD:USD forward contract 0.676 0.671 0.666 - Average CNY:USD forward contract 6.592 - - - Cross currency swaps Net exposure - 500,000 1,450,000 850,000 Average MYR:USD cross currency swaps - 4.102 4.191 4.222 Commodity price risk Commodity swaps and options Net exposure 5,194,421 3,058,978 128,501 - Average USD/MT commodity swaps and options 2,274 2,417 2,943 - PRESS METAL ALUMINIUM HOLDINGS BERHAD 299
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