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ANNUAL FINANCIAL STATEMENTS
Notes to the financial statements
continued
for the year ended 30 September 2014
222
Tiger Brands Limited Integrated Annual Report
2014
37 Financial instruments
continued
37.2
Foreign currency risk
continued
Foreign currency sensitivity
The following table details the group and company’s sensitivity to a 10% weakening/strengthening in
ZAR against the respective foreign currencies.
The sensitivity analysis includes only material outstanding foreign currency denominated monetary items
as detailed in the table on page 218 and adjusts their translation at the reporting date for a 10%
change in foreign currency rates. A positive number indicates an increase in profit or loss and other
comprehensive income where ZAR weakens against the relevant currency.
Other comprehensive
income
(R’million)
2014
Restated*
2013
GROUP
USD + 10%
(18,8)
(117,1)
USD – 10%
18,8
117,1
EUR + 10%
(7,1)
0,4
EUR – 10%
7,1
(0,4)
Pound sterling + 10%
(7,3)
–
Pound sterling – 10%
7,3
–
Other + 10%
(4,1)
3,4
Other – 10%
4,1
(3,4)
Total + 10%
(37,3)
(113,3)
Total – 10%
37,3
113,3
Profit/loss after tax
(R’million)
2014
Restated*
2013
COMPANY
USD + 10%
8,4
8,0
USD – 10%
(8,4)
(8,0)
Other + 10%
5,4
11,0
Other – 10%
(5,4)
(11,0)
Total + 10%
13,8
19,0
Total – 10%
(13,8)
(19,0)
*
The amounts have been restated due to the adoption of IAS 19R.