140 / 182
136 |
Integrated Report 2016
ANNUAL FINANCIAL STATEMENTS
(continued)
CASH FLOW HEDGES
(continued)
The following table demonstrates the sensitivity to change in foreign currencies, with all other variables held constant, of the Group’s profit
before tax (due to changes in the fair value of monetary assets and liabilities) and the Group’s equity (due to changes in the fair value of open
foward exchange contracts and net investment hedges):
Change in
foreign currency
exchange rate
Increase/
(Decrease)
in profit
before tax
Increase/
(Decrease)
in other
comprehensive
income
%
R’000
R’000
2016
US dollar
+10
(7 300)
15 932
–10
7 300
(15 932)
Euro
+10
(5 372)
13 488
–10
5 372
(13 488)
Swedish Krona
+10
(497)
338
–10
497
(338)
2015
US dollar
+10
4
9 801
–10
(4)
(9 814)
Euro
+10
(4 369)
14 520
–10
4 369
(14 443)
Swedish Krona
+10
(1 240)
975
–10
1 240
(975)
ANNEXURE E – FINANCIAL INSTRUMENTS
CONTINUED