WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
104
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2016
5.
F I NANC I AL I NSTRUMENTS , F I NANC I AL R I SKS AND CAP I TAL
MANAGEMENT
– continued
(b)
Financial risk management policies and objectives
– continued
(i)
Foreign exchange risk management
The Group transacts business in various foreign currencies, including United States
dollars, Japanese yen (“YEN”), Chinese renminbi, Euro, Singapore dollars and Taiwan
Dollars and therefore is exposed to foreign exchange risk.
At the end of the reporting period, the carrying amounts of monetary assets and
monetary liabilities denominated in currencies other than the respective group entities’
functional currencies are as follows:
THE GROUP
Assets
Liabilities
2016
2015
2016
2015
HK$’000
HK$’000
HK$’000
HK$’000
United States dollars
903,006
722,125
(575,412)
(525,097)
HK$
1,953
2,468
(71,400)
(61,912)
YEN
4,023
3,075
(15,279)
(11,898)
Chinese renminbi
1,843
1,972
(1,148)
(1,211)
Euro
–
–
(5)
–
Singapore dollars
1,640
1,973
(21)
(53)
Taiwan dollars
–
10,932
–
–
Other currencies
2
2
–
–
