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Notes To The Consolidated Financial Statements
(Expressed in Renminbi)
Annual Report 2011 /
1
43 Financial risk management and fair values
(continued)
(d) Currency risk
(continued)
Exposure to currency risk
(continued)
The Company
Exposure to foreign currencies (expressed in RMB)
2011
2010
United
States
dollars
Hong Kong
dollars
United
States
dollars
Hong Kong
dollars
‘000
‘000
‘000
‘000
Cash and cash equivalents
5
108
50
1,316
The following significant exchange rates applied during the year:
The Group
Average rate
Spot rate
2011
2010
2011
2010
United States dollars
6.46
6.73
6.30
6.62
Hong Kong dollars
0.83
0.86
0.81
0.85
Nigerian Naira
0.04
0.04
0.04
0.04
Ethiopian Birr
0.38
0.47
0.36
0.40
Saudi Arabian Riyan
1.73
1.80
1.68
1.77
Sensitivity analysis
The following table indicates the instantaneous change in the Group’s profit after tax (and retained
profits) and other components of consolidated equity that would arise if foreign exchange rates to
which the Group has significant exposure at the balance sheet date had changed at that date, assuming
all other risk variables remained constant.