Page 193 - UBP - IR2020
P. 193

FINANCIAL STATEMENTS
Notes to the financial statements
Financial liabilities
For the year ended June 30 2020
THE COMPANY
2019 Rs’000 13 825 174 - 1 1 1 121 564 217 - - 1 1 135 780
THE GROUP
2020
Rs’000 22 835
2 544
5 1 438 720
1 840
86 634
5 173
1 1 557 751
2020
Rs’000 4 371
92
5 1 1 193 093
1 840
- - 1 1 1 199 401
2019 Rs’000 Euro 15 498
United States Dollars Pound Sterling Mauritian Rupees South African Rand Malagasy Ariary
Sri Lanka Rupees Foreign currency sensitivity Foreign currency risk 2 018 - 1 365 249 218 40
482 6 242 1 429 707
(iii)
Foreign currency risk risk is is is the the risk risk that the the fair value or or future cash flows of of a a a a a a a a a financial instrument will fluctuate because of of changes in foreign exchange rates The Group has has transactional currency exposures Such exposure exposure arises from sales or purchases by an an operating unit in in currencies other than the the the the unit of the the the the functional functional currency currency While revenue is generated principally in in the the the the functional functional currency currency significant expenditures are incurred in in in Euro and US Dollars The Group does not have a a a a a a a a policy to hedge against foreign currency risk The following table demonstrates due to changes in in the the the fair value of of monetary assets and liabilities
the the the sensitivity of of the the the Group’s profit after tax and and and equity to a a a a a a a a a a a a reasonably possible change change in Euro US Dollars and and and South African Rand exchange rates with all other variables held constant THE GROUP
THE COMPANY
2019 Rs’000 (685) 1 369
471 (942)
2020
Rs’000 (758)
(1 516)
112
224
2020
Rs’000 (218)
436
(4)
8 Increase/(decrease) in exchange rate Euro +5% Euro -10%
US Dollar +5% US Dollar -10%
2019 Rs’000 (742) 1 484
380 (759)
UBP INTEGRATED REPORT 2020
- 193 FINANCIAL CAPITAL CORPORATE MANAGEMENT STATEMENTS
REPORTS GOVERNANCE APPROACH
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