307 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 KENANGA INVESTMENT BANK BERHAD Annual Report 2022 50. FINANCIAL RISK MANAGEMENT (CONT’D.) (b) Market risk (cont’d.) (ii) Foreign currency exchange risk (cont’d.) Currency rate sensitivity analysis (cont’d.) Currency Changes in foreign exchange Rates Impact on profit or loss 2022 RM’000 Impact on equity 2022 RM’000 Changes in foreign exchange Rates Impact on profit or loss 2021 RM’000 Impact on equity 2021 RM’000 AUD 5% (11) - 5% 75 - CHF 5% 0 - 5% 1 - CNY 5% 3 - 5% 18 - EUR 5% (10) - 5% (2) - GBP 5% (3) - 5% (38) - HKD 5% (12) - 5% 71 - IDR 5% 5 - 5% 3 - JPY 5% (43) - 5% (0) - NZD 5% (1) - 5% 1 - PHP 5% 2 - 5% 2 - SGD 5% 108 - 5% (6) - THB 5% 4 - 5% 6 - USD 5% (98) - 5% 249 - Arising from the Group’s investment in the associate company in Saudi Arabia, there is a natural position held in foreign currency exposure in Saudi Riyal. The following shows the impact of a 5% price movement on this position: Currency Changes in foreign exchange Rates Impact on profit or loss 2022 RM’000 Impact on equity 2022 RM’000 Changes in foreign exchange Rates Impact on profit or loss 2021 RM’000 Impact on equity 2021 RM’000 SAR 5% - (4,961) 5% - (4,319)
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