Press Metal Annual Report 2022

NOTES TO THE FINANCIAL STATEMENTS Cont’d 29. Financial instruments cont’d 29.7 Hedging activities cont’d 29.7.3 Cash flow hedge cont’d Cash flow hedge reserve Balances remaining in the cash flow hedge reserve from hedging relationships for which hedge accounting is no longer applied RM’000 RM’000 Group 2021 Foreign currency risk Forecast sales – Loans and borrowings (39,338) (1,377) Forecast sales – Forward exchange contracts 84,070 - Forecast loan repayments – Cross currency swaps 5,292 - Commodity price risk Forecast sales – Commodity swaps and options (892,088) - Total hedging reserve (842,064) Non-controlling interests share of hedging reserve 65,845 Hedging reserve attributable to owners of the Company (776,219) Company Foreign currency risk 2022 Forecast loan repayments – Cross currency swaps 11,481 - Company Foreign currency risk 2021 Forecast loan repayments – Cross currency swaps 11,314 - PRESS METAL ALUMINIUM HOLDINGS BERHAD 301

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