Singapore Airlines 2015 Annual Report Download - page 199
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38 Financial Risk Management Objectives and Policies (in $ million) (continued)
(c) Interest rate risk (continued)
Sensitivity analysis:
The Group
31 March
2015 2014
Effect on
equity R1
Effect on
profit before
taxation R2
Effect on
equity R1
Effect on
profit before
taxation R2
Increase in one basis point in market interest rates * 0.7 0.1 0.5
Decrease in one basis point in market interest rates * (0.7) (0.1) (0.5)
The Company
31 March
2015 2014
Effect on
equity R1
Effect on
profit before
taxation R2
Effect on
equity R1
Effect on
profit before
taxation R2
Increase in one basis point in market interest rates * 0.4 0.1 0.4
Decrease in one basis point in market interest rates * (0.4) (0.1) (0.4)
* Amount less than $0.1 million
R1 Sensitivity analysis on derivative financial instruments.
R2 Sensitivity analysis on variable rate assets and liabilities.
(d) Market rate risk
At 31 March 2015, the Group and the Company own investments of $1,250.3 million (2014: $1,313.7 million) and $1,184.4
million (2014: $1,259.6 million) respectively, which are subject to market rate risk. The market risk associated with these
investments is the potential loss resulting from a decrease in market prices.
Market price sensitivity analysis
If prices for these investments increase or decrease by 1% with all other variables being held constant, the before tax
eects on equity are set out in the table below.
Sensitivity analysis on investments:
The Group The Company
31 March 31 March
2015 2014 2015 2014
Effect on equity Effect on equity
Increase in 1% of quoted prices 4.7 8.6 4.0 8.1
Decrease in 1% of quoted prices (4.7) (8.6) (4.0) (8.1)
Singapore Airlines | Annual Report FY2014/15 |197