Page 182 - MONO_AR_2016_EN

Foreign currency risk
Foreign currency risk
ThFeoreexipgonscuurerroefntchyerCisokmpany and its subsidiary to foreign currency risk arise mainly from Foreign currency risk
The exposure of the Company and its subsidiary to foreign currency risk arise mainly from
trading and services or loans transactions that are denominated in foreign currencies. The The exposure of the Company and its subsidiary to foreign currency risk arise mainly from
The exposure of the Company and its subsidiary to foreign currency risk arise mainly from
trading and services or loans transactions that are denominated in foreign currencies. The
Company and its subsidiary seek to reduce this risk by entering into forward exchange trading and services or loans transactions that are denominated in foreign currencies. The
trading and services or loans transactions that are denominated in foreign currencies. The
Company and its subsidiary seek to reduce this risk by entering into forward exchange
contracts when they considers appropriate. Generally, the forward contracts mature within Company and its subsidiary seek to reduce this risk by entering into forward exchange
Company and its subsidiary seek to reduce this risk by entering into forward exchange
contracts when they considers appropriate. Generally, the forward contracts mature within
one year.
contracts when they considers appropriate. Generally, the forward contracts mature within
contracts when they considers appropriate. Generally, the forward contracts mature within
one year.
Asonaet y3e1aDr.ecember 2016 and 2015, the balances of financial assets and liabilities of the one year.
As at 31 December 2016 and 2015, the balances of financial assets and liabilities of the
Company and its subsidiary denominated in foreign currencies which were unhedged are As at 31 December 2016 and 2015, the balances of financial assets and liabilities of the
As at 31 December 2016 and 2015, the balances of financial assets and liabilities of the
Company and its subsidiary denominated in foreign currencies which were unhedged are
summarised below.
Company and its subsidiary denominated in foreign currencies which were unhedged are
Company and its subsidiary denominated in foreign currencies which were unhedged are
summarised below.
summarised below. summarised below.
Kyat Kyat
Consolidated financial statements
Consolidated financial statements
Financial assets Financial liabilities Consolidated financial statements
Consolidated financial statements
Foreign currency
Foreign currency
Financial assets Financial liabilities
as at 31 DeCcoensmolibdaetred financialstattem3e1ntDs ecember Financial assets Financial liabilities
Foreign currency ForeFoigrenignccuurrenncycy
Financial assets
as at 31 December
as at 31 December
as at 31 December
as at 31 December
2016 2015
(Million) (Million)
Financial liabilities
as at 31 December
Average exchange rate
Average exchange rate
Average exchange rate
201F6inancial asse2ts015
201Fi6nancial liabil2iti0es15
as at 31 December
as at 31 December
as at 31 December
2016 2015
(Million) (Million)
2016 2015 Average exchange rate
Average exchange rate
2016 2015
(Baht per 1 foreign currency unit)
2016
220166 (Million) 10
(M(Milliollnio) n)
10 10Se
2015
201155 (Million) 44
(M(iMllioilnli)on)
44 parate f4in4an
2016
2001616 (Million) 2
(M(ilMlioinll)ion
2 cial statem2 e
)
201155 (Million) -
nts --
2015
(M(Millioilnli)on)
2016
2016
2016
(Baht per 1 foreig
(Baht per 1 foreign currency unit
2015
Kyat
Kyat
2015
2015
n currency unit)
(Million)
10
(Million)
44
(Million)
2
(Million)
-
(Baht per 1 foreign currency unit)
(Baht per 1 foreign currency unit)
0.0262 0.0275
0.0262 0.0262
Separate financial statements
0.0262
35.8307
0.0275
0.0275 0.0275
36.0886
)
)
Financial assets Financial liabilities Separate financial statements
Separate financial statements
Foreign currency
Foreign currency
Financial assets Financial liabilities
asat31DecSeempabraeterfinancialastsateamte3nt1sDecember Financial assets Financial liabilities
Average exchange rate
Average exchange rate
Average exchange rate
Foreign currency ForeFoigrenignccuurrenncycy
Financial assets
as at 31 December
Financial assets
2016 2015 as at 31 December
as at 31 December
as at 31 December
2016 2015
(Million) (Million)
Financial liabilities
as at 31 December
Financial liabilities
2016 2015 as at 31 December
as at 31 December
as at 31 December
2016 2015
(Million) (Million)
2016 2015 Average exchange rate
Average exchange rate
2016 2015
(Baht per 1 foreign currency unit)
2016
2015
US dollar
220166 (Million)
(M(Milliollnio) n)
201155 (Million) 3
(M(iMllioilnli)on)
2016
2001616 (Million)
(M(Millioilnli)on)
2016
2016
2016
(Baht per 1 foreig
2015
2015
2015
n currency unit)
US dollar
Rupiah
(Million)
5,417
-
(Million)
5,417
3
(M(ilMlioinll)ion
(Million)
-
-
)
201155 (Million) -
2015
(Million)
-
-
5,417
10 5,417
5,417
s’ foreign e 10
10
--
10
xchange c 44
33
44 5,417
5,417
44
44
ntracts ou 2
-
2 -
-
22
---
tstanding are -
-
-- -
--
(Baht per 1 foreign currency unit
(Baht per 1 foreign currency unit)
(Baht per 1 foreign currency unit)
35.8307 36.0886
0.0027 0.0026
35.8307
5,417
35.8307
0.0027
0.0262 0.0027
0.0027
0.0262
summarised bel 0.0262
0.0262
US dollar
36.0886
US dollar
36.0886
Rupiah
0.0026
Kyat Rupiah
-
0.0275 0.0026
Rupiah
0.0026
-
-
Kyat
0.0275
Kyat
0.0275 0.0275
The subsidiarie Kyat
o
ow.
The subsidiaries’ foreign exchange contracts outstanding are summarised below.
The subsidiaries’ foreign exchaAngseatc3o1ntDraecetsmobuetrs2ta0n16ding are summarised below. The subsidiaries’ foreign exchange contracts outstanding are summarised below.
As at 31 December 2016
Contractual exchange rate of As at 31 December 2016
(Million) 33
3
As at 31 December 2016
CAsoantt3r1aDcetcueamlberx2c0h16ange rate of
Foreign currency Bought amount bought amount Maturity date
Foreign currency
FForeigign ncurcreunrcryency
Foreign currency US dollar
Bought amount
Bo(Mughiltliaomno)unt Bought amount
(Million)
Bought amount
(Million)
3
Contractual exchange rate of
Cobntorauctguahltexacmhanoguenratteof (Baht per 1 foreign currency unit)
bboughhtatmaomunotunt
bought amount
(Baht(Bpaehrt p1erf1ofroereigign cuurrrernecynucnyit)unit) 35.8400
(Baht per 1 foreign currency unit)
35.8400
35.8400 As at 31 Dec3e5m.8b4e0r02015
AsaAts3a1t3D1Deecembebre2r0125015 Contractual exchange rate of
Maturity date
Matutruitryitdyatedate
Maturity date 28 June 2017
28 June 2017
28 June 2017 28 June 2017
Foreign currency
Foreign currency
Foreign currency
Bought amount
Bought amount
(Million)
Bought amount
(Million)
As at 31 December 2015
Contractual exchange rate of
Contractual exchange rate of
bought amount Contracbtuouaglhetaxmcohuantngerateof
Contractual exchange rate of
(Bahtbpoeru1gfhorteiagnmcoururentcy unit) (Baht per 1 foreign currency unit)
Maturity date
Maturity date
Bought amount
(Million)
2 (Million)
bought amount
(Baht per 1 foreign currency unit)
36.1050 - 36.1950
(Baht per 1 foreign currency unit)
Maturity date
Maturity date 15 March 2016
US dollar
(Million)
Bought amount
(Million)
Contractual exchange rate of (Baht per 1 foreign currency unit)
As at 31 December 2015
bought amount
US dollar US dollar
Foreign currency
Maturity date
Foreign currency US dollar
US dollar
2
(Baht per 1 foreign currency unit)
US dollar US dollar
2
36.1050 - 36.1950
15 March 2016
2
36.1050 - 36.1950 36.1050 - 36.1950
15 March 2016 15 March 2016
42
42
42 42
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