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NOTES TO THE UNCONSOLIDATED

FINANCIAL STATEMENTS

For the year ended June 30, 2020

The following significant exchange rates have been applied as at reporting date:

2020 2019
Foreign Currency Selling Buying Selling Buying
(Rupees) (Rupees)
US $ 168.75 168.25 164.50 164.00
EUR € 189.73 189.11 186.99 186.37
GBP £ 207.68 207.05 207.79 208.45
CHF 177.43 176.83 168.03 168.61
CNY 24 23.92 23.85 24.42
JPY ¥ 1.57 1.56 1.52 1.53

Currency rate sensitivity analysis
If the functional currency, at reporting date, had weakened by 10% against the foreign currencies with all
other variables held constant, the profit before taxation would have increased for the year 2020 and 2019 by
the following amounts:

2020 2019
Foreign Currency (Rupees ‘000) (Rupees ‘000)
US $ 571,626 744,183
EUR € (1,649) (2,019)
GBP £ (274) –
CHF – (7)
CNY – (2)
JPY ¥ (3) –
569,700 742,155

A 10% strengthening of the functional currency against foreign currencies at June 30 would have had the
equal but opposite effect of these amounts.

Currency risk sensitivity to foreign exchange movements has been calculated on a symmetric basis. The
analysis assumes that all other variables remained constant.

52.1.3 Other price risk
Price risk represents the risk that the fair value or future cash flows of a financial instrument will fluctuate
because of changes in market prices (other than those arising from interest rate risk or currency risk),
whether those changes are caused by factors specific to the individual financial instrument or its issuer, or
factors affecting all similar financial instruments traded in the market.

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