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NOTES TO FINANCIAL STATEMENTS
(cont’d)
31 March 2016
30 FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT (cont’d)
Sensitivity analysis for currency risk
If the relevant foreign currency changes against the Singapore dollar by 5% (2015: 5%), all other variables being
held constant, the effects will be as follows:
Profit or Loss
2016 2015
$’000 $’000
Increase/(Decrease)
US Dollar against Singapore Dollar 34,260 23,460
Strengthened (34,260) (23,460)
Weakened
Euro against Singapore Dollar 1,975 2,734
Strengthened
Weakened (1,975) (2,734)
Japanese Yen against Singapore Dollar 739 1,368
Strengthened
Weakened (739) (1,368)
Pound Sterling against Singapore Dollar 1,334 2,125
Strengthened
Weakened (1,334) (2,125)
Estimating the fair values
Financial assets at fair value through profit or loss
The fair values of financial assets traded in active markets are based on quoted market prices at the end of the
reporting period.
The fair values of unquoted investments are based on net asset values provided by fund managers and external
valuations.
86 NTU ANNUAL REPORT 2016
