156
CDL
HOSPITALITY TRUSTS
27 FINANCIAL RISK MANAGEMENT (CONT’D)
Foreign currency risk (cont’d)
Australian
New Zealand
United States
Japanese
dollar
dollar
dollar
yen
2014
2013 2014
2013
2014
2013
2014
2013
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
H-REIT Group
Trade and other
receivables
(6)
959
1,013
962
2,105
2,042
2,643
–
Cash and cash
equivalents
10,538
7,890
4,409
2,543 21,393
7,772
1,955
–
Trade and other
payables
(141)
(71)
(676)
(203)
(2,055)
(758)
(949)
–
Bank loans
(100,311)
(105,353)
–
– (185,990)
(171,140)
(68,680)
–
(89,920)
(96,575)
4,746
3,302 (164,547)
(162,084)
(65,031)
–
Stapled Group
Trade and other
receivables
(6)
959
1,013
962
4,456
2,042
3,093
–
Cash and cash
equivalents
10,538
7,890
4,409
2,543 25,136
8,025
2,040
–
Trade and other
payables
(141)
(71)
(676)
(203)
(5,879)
(758)
(1,405)
–
Bank loans
(100,311)
(105,353)
–
– (185,990)
(171,140)
(68,680)
–
(89,920)
(96,575)
4,746
3,302 (162,277)
(161,831)
(64,952)
–
Sensitivity analysis
A 10% strengthening of the Singapore dollar against the following currencies at the reporting date would increase
(decrease) total comprehensive income and unitholders' funds of HBT Group and total return (before any tax effect)
and unitholders' funds of H-REIT Group and Stapled Group, by the amounts shown below. This analysis assumes
that all other variables, in particular interest rates, remain constant.
HBT Group
H-REIT Group
Stapled Group
Total
comprehensive Unitholders’
Total
Unitholders’
Total
Unitholders’
income
funds
return
funds
return
funds
$’000
$’000
$’000
$’000
$’000
$’000
2014
Australian dollar
–
–
(1,039)
10,031
(1,039)
10,031
New Zealand dollar
–
–
(475)
–
(475)
–
United States dollar
(227)
–
(2,144)
18,599
(2,371)
18,599
Japanese yen
(8)
–
(365)
6,868
(373)
6,868
2013
Australian dollar
–
–
(878)
10,535
(878)
10,535
New Zealand dollar
–
–
(330)
–
(330)
–
United States dollar
(25)
–
(906)
17,114
(931)
17,114
NOTES TO THE FINANCIAL STATEMENTS
