Notes to the Financial Statements
(Cont’d)
For the year ended 30 April 2015
(In Singapore Dollars)
91
STAMFORD TYRES CORPORATION LIMITED
BUILDING ON OUR EXTENSIVE NETWORK
35. Financial risk management objectives and policies (cont’d)
(b)
Interest rate risk (cont’d)
Sensitivity analysis for interest rate risk
The table below demonstrates the sensitivity to a reasonably possible change in interest rates with
all other variables held constant, of the Group’s profit after tax.
Increase/
(decrease) in
basis points
Decrease/
(increase)
effect on
profit net of
tax
$’000
2015
- Singapore Dollars
50
248
- Ringgit Malaysia
50
127
- United States Dollars
50
68
- Thai Baht
50
79
- Singapore Dollars
(50)
(248)
- Ringgit Malaysia
(50)
(127)
- United States Dollars
(50)
(68)
- Thai Baht
(50)
(79)
2014
- Singapore Dollars
50
266
- Ringgit Malaysia
50
98
- United States Dollars
50
61
- Thai Baht
50
61
- Singapore Dollars
(50)
(266)
- Ringgit Malaysia
(50)
(98)
- United States Dollars
(50)
(61)
- Thai Baht
(50)
(61)
