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 Group Changes in the value of hedging instrument recognised in other comprehensive income Amount reclassified from hedge reserve to profit or loss Line item in profit or loss affected by the reclassification RM’000 RM’000 2022 Foreign currency risk Loans and borrowings (78,100) 25,483 Revenue Forward exchange contracts 134,760 87,463 Revenue Cross currency swaps 9,911 - Other expenses Commodity price risk Commodity swaps and options 574,847 309,581 Revenue 2021 Foreign currency risk Loans and borrowings (42,504) (1,301) Revenue Forward exchange contracts (315,350) 581 Revenue Cross currency swaps (69,220) - Other expenses Commodity price risk Commodity swaps and options (1,223,187) 608,758 Revenue The hedge ineffectiveness arising from the above items is immaterial to be recognised in profit or loss for both the current and previous financial years. PRESS METAL ALUMINIUM HOLDINGS BERHAD 303
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