Rangatira Annual Report 2023 - Flipbook - Page 65
Ra n g a t i ra An n u a l Re p ort 2023
Rangatira Group
Notes to the Consolidated
Financial Statements (continued)
For the year ended 31 March 2023
The carrying amount of the Group’s foreign currency denominated monetary assets and monetary liabilities at the reporting date was
as follows:
2023
$000
2022
$000
AUD
10,163
12,916
EUR
11
19
USD
24,043
33,166
USD
3,654
5,791
EUR
1,634
778
AUD
8,998
9,831
GBP
141
122
JPY
154
-
CHF
-
1
Assets
Liabilities
(c) Forward Foreign Exchange Contracts
It is the policy of the Group to enter into forward foreign exchange contracts to cover specific foreign currency payments and receipts.
The Group also enters into forward foreign exchange contracts to manage the risk associated with anticipated sales and purchase
transactions out to 12 months within 25% to 85% of the exposure generated.
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