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2011/12 Annual Report Lenovo Group Limited 125
3 Financial risk management (continued)
(a) Financial risk factors (continued)
(i) Foreign currency risk (continued)
Group
2012 2011
United
States dollar Renminbi Euro
United
States dollar Renminbi Euro
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Trade and other receivables 326,440 960 53,210 93,672 307 39,610
Bank deposits and cash
and cash equivalents 82,712 34,754 22,692 47,339 15,174 7,740
Trade and other payables (627,547) (6,487) (32,763) (97,133) (6,183) (17,470)
Intercompany balances
before elimination (1,971,439) 6,969 (80,501) (1,609,712) (164,367) 35,765
Gross exposure (2,189,834) 36,196 (37,362) (1,565,834) (155,069) 65,645
Notional amounts of forward
exchange contracts used as
economic hedges 2,032,745 –13,203 1,440,813 –(127,764)
Net exposure (157,089) 36,196 (24,159) (125,021) (155,069) (62,119)
Company
2012 2011
United
States dollar Renminbi Euro
United
States dollar Renminbi Euro
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Other receivables – 2 1 – – 53
Bank deposits and cash
and cash equivalents – – 43 – – 46
Other payables – – (63) – – (105)
Amounts due from subsidiaries –190 ––101 –
Amounts due to subsidiaries –(137) (171) –(132) (182)
Net exposure –55 (190) –(31) (188)