24 FINANCIAL RISK MANAGEMENT
(continued)
Interest rate risk
(continued)
Sensitivity analysis
A change of 100 basis points (“bp”) in interest rate at the reporting date would
increase/(decrease) the Statement of Total Return and Unitholders’ Funds by the amounts shown
below. This analysis assumes that all other variables, in particular foreign currency rates, remain
constant.
Statement of
Total Return
Unitholders’ Funds
100 bp
increase
100 bp
decrease
100 bp
increase
100 bp
decrease
Group
$’000
$’000
$’000
$’000
31 December 2014
Variable rate instrument
–
–
(138)
138
Interest rate swap
–
–
–
–
–
–
(138)
138
31 December 2013 (Restated)
Variable rate instrument
–
–
–
–
Interest rate swap
2,093
(2,093)
–
–
2,093
(2,093)
–
–
Statement of
Total Return
Unitholders’ Funds
100 bp
increase
100 bp
decrease
100 bp
increase
100 bp
decrease
Trust
$’000
$’000
$’000
$’000
31 December 2014
Interest rate swap
–
–
–
–
–
–
–
–
31 December 2013
Interest rate swap
2,093
(2,093)
–
–
2,093
(2,093)
–
–
Leading with Confidence | 197
