Page 151 - InterloopAnnualReport2021

NOTES TO THE

FINANCIAL STATEMENTS

For the year ended June 30, 2021

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

2021 2020
Foreign Currency Selling Buying Selling Buying
( Rupees) (Rupees)

US $ 158.30 157.80 168.75 168.25
EUR € 188.71 188.12 189.73 189.11
GBP £ 219.28 218.58 207.68 207.05
CNY 24.76 24.69 24.00 23.92
JPY ¥ 1.43 1.4279 1.57 1.56

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 2021 and
2020 by the following amounts:

2021 2020
(Rupees ‘000) (Rupees ‘000)
Foreign Currency
US $ 1,632,418 571,626
EUR € 182,264 (1,649)
GBP £ 1,280 (274)
JPY ¥ 31,735 (3)
1,847,697 569,700

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. The Company is not exposed to
any significant other price risk.

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