Singapore Airlines 2009 Annual Report Download - page 202

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200
NOTES TO THE FINANCIAL STATEMENTS
31 March 2009
37 Financial Instruments (in $ million) (continued)
(d) Market risk sensitivity analysis (continued)
Interest rate risk (continued)
Under these assumptions, an increase or decrease in market interest rates of one basis point for all
currencies in which the Group has borrowings and derivative fi nancial instruments at 31 March 2009
will have the following effects:
The Group The Company
31 March 31 March
2009 2008 2009 2008
Effect of an increase in one basis point in
market interest rates
Increase in profi t before taxation 0.4 0.5 0.2 0.3
Increase in equity * * * *
Effect of a decrease in one basis point in
market interest rates
Decrease in profi t before taxation (0.4) (0.5) (0.2) (0.3)
Decrease in equity * * * *
* Amount less than $0.1 million.
Market price risk
If prices for available-for-sale investments increase or decrease by 1% with all other variables being
held constant, the before tax effects on equity are as follows:
The Group The Company
31 March 31 March
2009 2008 2009 2008
Effect of an increase in 1% of quoted prices
Increase in equity 6.6 4.6 5.9 3.6
Effect of a decrease in 1% of quoted prices
Decrease in equity (6.6) (4.6) (5.9) (3.6)