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to receivables and payables in foreign currency of each of the business units. The individual business units do not
have material trade in currency other than their own with third parties which would give rise to any foreign currency
risk. The Group considers itself a long term holder of the assets of Wellcom London Ltd (formerly Keene Repro
Ltd), Wellcom Group Pte Ltd and Wellmalaysia Sdn Bhd, and as such does not consider short term currency risk
Interest on borrowings is denominated in currencies that match the cash flows generated by the underlying operations
of the Group, primarily AUD.
As the Group’s exposure to currency risk on commercial trading is not significant it has not entered into any hedge
transactions or taken alternative measures to minimise fluctuations in the respective currencies.
Exposure to currency risk
The Group’s exposure to foreign currency risk at reporting date was as follows, based on notional amounts:
In thousands of AUD
Gross exposure GBP
47 30 June 2011
1,021 30 June 2010
48 The following sig...
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This document was uploaded on 02/06/2014.
- Spring '14