YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2024 306 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 January 2024 41. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) (a) Market risk (continued) (ii) Foreign currency risk (continued) Effects of hedge accounting on the financial position and performance 2024 RM million 2023 RM million Net investment in a foreign subsidiary Carrying amount of derivatives (current (liability)/asset) (24) 32 USD carrying amount USD 220,850,000 USD 200,000,000 Hedge ratio 100% 100% Change in carrying amount of forward contracts as a result of foreign currency movements since 1 February, recognised in Other Comprehensive Income 125 (65) Change in value of hedged item used to determine hedge effectiveness (125) 65 Weighted average hedged rate for the year (including forward points) RM4.5377 : USD 1 RM 4.2426 : USD 1 Sensitivity The following tables demonstrate the sensitivity to a reasonably possible change in USD and RM exchange rates, with all other variables held constant. The effect on the Group’s profit arising from the net financial liability/asset that are exposed to currency risk will be as follows: Change in USD against RM Effect on profit Group RM million Company RM million 2024 +11% 53 (13) -11% (53) 13 2023 +1% 4 (1) -1% (4) 1 Change in RM against USD Effect on profit Group RM million Company RM million 2024 +11% (6) - -11% 6 - 2023 +1% 4 - -1% (4) -
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