KENANGA ANNUAL REPORT 2019

280 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 50. FINANCIAL RISK MANAGEMENT (CONT’D.) (b) Market risk (cont’d.) (ii) Foreign currency exchange risk (cont’d.) Currency rate sensitivity analysis The following table shows the impact of a 5% movement of MYR, ceteris paribus, on the Group’s profit/loss: Currency Changes in Foreign Exchange Rates Impact on Profit or Loss 2019 Impact on Equity 2019 Changes in Foreign Exchange Rates Impact on Profit or Loss 2018 Impact on Equity 2018 RM’000 RM’000 RM’000 RM’000 AUD 5% 63 - 5% 116 - CHF 5% (8) - 5% (2) - CNY 5% (3) - 5% 3 - EUR 5% 22 - 5% 15 - GBP 5% 82 - 5% (47) - HKD 5% 45 - 5% 27 - IDR 5% 0.06 - 5% 0.22 - JPY 5% (102) - 5% (28) - NZD 5% 11 - 5% 12 - PHP 5% 0.44 - 5% 0.50 - SGD 5% 450 - 5% 65 - THB 5% 3 - 5% 1 - USD 5% 182 - 5% (472) - Arising from the Group’s investment in the associate company in Saudi Arabia, there is a natural position held in foreign currency exposure in Riyal. The following shows the profit or loss impact of a 5% price movement on this position: Currency Changes in Foreign Exchange Rates Impact on Profit or Loss 2019 Impact on Equity 2019 Changes in Foreign Exchange Rates Impact on Profit or Loss 2018 Impact on Equity 2018 RM’000 RM’000 RM’000 RM’000 SAR 5% - (3,192) 5% - (2,903) (iii) Equity price sensitivity analysis Equity price risk is the risk of financial loss arising from adverse changes in prices of equities and equity derivatives.