- 97 - Foreign currency sensitivity analysis The following table details the Group’s sensitivity to an increase and decrease in THB currency against USD currency and EUR currency. The sensitivity analysis includes only outstanding foreign currency denominated monetary items and foreign exchange forward contracts applied cash flow hedges accounting for USD currency and EUR currency at the reporting date and using an increase or decrease rate by considering the reasonably possible change in foreign exchange rates. Unit : Million Baht Consolidated financial statements Separate financial statements Strengthens Weakens Strengthens Weakens As at December 31, 2021 USD Exchange rate change by 10% Net gain (loss) on foreign exchange rate (3,261) 3,261 1,252 (1,252) Other equity - gain (loss) on cash flow hedges (119) 119 (107) 107 EUR Exchange rate change by 10% Net gain (loss) on foreign exchange rate 1,951 (1,951) (7,654) 7,654 Other equity - gain (loss) on cash flow hedges (13) 13 - - As at December 31, 2020 USD Exchange rate change by 10% Net gain (loss) on foreign exchange rate (237) 228 1,619 (1,619) Other equity - gain (loss) on cash flow hedges (117) 117 (83) 83 EUR Exchange rate change by 10% Net gain (loss) on foreign exchange rate 7 (7) 1 (1) Other equity - gain (loss) on cash flow hedges (49) 49 - - The Group performs foreign currency risk management on assets and liabilities held in USD. The Group has net assets and liabilities under USD currency. The Group manages net USD assets and liabilities by naturally hedged USD portion of net profit to minimise the impact from fluctuations in foreign currency to the Group’s performance. In addition to forward exchange contracts, the Group uses derivatives financial instruments, principally currency swaps and interest rate swap, to manage exposure to fluctuations in exchange rates and interest rates. As at December 31, 2021, the Group has entered into foreign currency and interest rate swap contracts, totalling Baht 2,887 million. (2020: nil) The following tables detail the foreign currency forward contracts outstanding at the reporting date for their hedged items related to forecasted purchases. Foreign currency forward contract assets and liabilities are presented in the line “Derivatives” (either as asset or as liabilities) within the statement of financial position. 329 BUSINESS OPERATION AND PERFORMANCE CORPORATE GOVERNANCE FINANCIAL REPORTS AND FINANCIAL STATEMENTS APPENDIX
RkJQdWJsaXNoZXIy ODg4NTI=