Singapore Airlines 2016 Annual Report Download - page 204

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Notes to the Financial Statements
31 March 2016
38 Financial Risk Management Objectives and Policies (in $ million) (continued)
(b) Foreign currency risk (continued)
Sensitivity analysis:
The Group
31 March
2016 2015
Effect on
equity R1
Effect on
profit before
taxation R2
Effect on
equity R1
Effect on
profit before
taxation R2
AUD 2.6 (2.0) 2.4 (0.9)
EUR 1.0 (2.0) 1.4 (0.7)
GBP 1.4 (0.7) 1.5 (0.9)
JPY 0.8 (0.2) 1.2 (0.3)
USD (31.8) (3.3) (15.2) (5.5)
The Company
31 March
2016 2015
Effect on
equity R1
Effect on
profit before
taxation R2
Effect on
equity R1
Effect on
profit before
taxation R2
AUD 2.3 (1.8) 2.1 (1.2)
EUR 0.4 (0.2) 0.7 (0.1)
GBP 1.1 (0.6) 1.3 (0.7)
JPY 0.7 (0.2) 1.0 (0.2)
USD (25.3) 2.7 (8.8) (0.2)
R1 Sensitivity analysis on outstanding foreign currency hedging contracts and fuel hedging contracts denominated in foreign currency.
R2 Sensitivity analysis on significant outstanding foreign currency denominated monetary items.
If the relevant foreign currency strengthens by 1% against SGD, equity and profit before taxation would change by the same amounts in
the opposite direction.
Singapore Airlines202
FINANCIAL