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35. Financial risk management continued Foreign currency risk management The table below reflects the revaluation of outstanding forward exchange contracts at year-end:

Foreign amount ’000 June 2006 Imports* Where hedge accounting is applied: Swiss Franc 82 Euro 8 604 GBP 1 094 Japanese Yen 37 946 USD 17 691 Denmark Kroner 525 Where hedge accounting is not applied: Euro 148 GBP 101 USD 2 589 Exports Where hedge accounting is not applied: Euro 43 USD 580 June 2005 Imports* Where hedge accounting is applied: Swiss Franc 119 Euro 5 491 GBP 891 Japanese Yen 19 218 USD 17 345 Sweden Kronor 3 949 Denmark Kroner 262 Where hedge accounting is not applied: Swiss Franc 16 Euro 123 GBP 11 USD 4 426 Exports Where hedge accounting is not applied: Euro 83 USD 944

Forward cover value R’000

Marked to market value R’000

387 71 580 14 005 2 197 124 690 599

481 80 033 14 586 2 437 127 391 646

23 5 549 309 221 1 959 31

71 2 904 272 19 742 16

1 310 1 115 16 895 232 778

1 350 1 345 18 681 246 950

— — — 8 092

40 230 1 786 6 080

341 3 672 4 013

396 4 168 4 564

— — —

(55) (496) (551)

640 45 192 10 698 1 195 111 468 3 446 287

630 45 089 10 737 1 188 117 202 3 424 288

(10) (103) 39 (7) — (22) 1

— — — — 5 734 — —

84 1 021 132 28 714 202 877

84 1 015 132 30 039 209 828

— — — — (102)

— (6) — 1 325 7 053

682 5 973 6 655

675 6 345 7 020

— — —

7 (372) (365)

*Includes FECs that represent imports and exports being managed on a net basis.

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Recognised fair value in income statement: gain/(loss) R’000

Recognised fair value in equity: gain/(loss) R’000

Aspen Annual Report 2006

Profile for Aspen Holdings

Aspen Annual Report 2006  

Aspen Annual Report 2006