- 60 - 38.2.1 Foreign currency risk management The Group undertakes transactions denominated in foreign currencies; consequently, exposures to exchange rate fluctuations arise. Exchange rate exposures are managed within approved policy parameters utilising foreign exchange contracts and forward contracts. The carrying amounts of the Group’s foreign currency denominated monetary assets and monetary liabilities as at December 31, are as follows: Unit : Million Baht Consolidated Separate Financial Statements Financial Statements Assets Liabilities Assets Liabilities 2021 2020 2021 2020 2021 2020 2021 2020 USD 6,007 3,967 5,839 5,201 6,007 3,967 5,839 5,176 EURO - - 57 18 - - 57 18 Others - - 23 7 - - 8 - Foreign currency sensitivity analysis The Group is mainly exposed to the currency of assets and liabilities to USD currency. The following table details the Group’s sensitivity to a 10% appreciate and depreciate in Thai Baht against the relevant foreign currencies. 10% is the sensitivity rate used when reporting foreign currency risk internally to key management personnel and represents management’s assessment of the reasonably possible change in foreign exchange rates. The sensitivity analysis includes only outstanding foreign currency denominated monetary items and adjusts their translation at the year-end for a 10% change in foreign currency rates as follows. Unit : Million Baht Consolidated Separate Financial Statements Financial Statements Assets Liabilities Assets Liabilities 2021 2021 2021 2021 Profit (loss) - 10% appreciate (603) 853 (603) 852 - 10% depreciate 603 (853) 603 (852) Unit : Million Baht Consolidated Separate Financial Statements Financial Statements Assets Liabilities Assets Liabilities 2020 2020 2020 2020 Profit (loss) - 10% appreciate (397) 790 (397) 787 - 10% depreciate 397 (790) 397 (787) 362 IRPC PUBLIC COMPANY LIMITED 56-1 ONE REPORT 2021
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