Particulars As at March 31, 2024 US$ mn ` cr € mn ` cr £ mn ` cr CN¥ mn ` cr Financial assets Trade receivables 49.14 409.81 3.27 29.38 0.30 3.13 21.90 25.29 Less: Hedged through derivatives1 Currency range options 5.30 44.20 - - - - - - Net exposure to foreign currency risk (assets) 43.84 365.61 3.27 29.38 0.30 3.13 21.90 25.29 Financial liabilities Trade payables 13.33 111.16 0.06 0.53 0.01 0.09 0.23 0.27 Net exposure to foreign currency risk (liabilities) 13.33 111.16 0.06 0.53 0.01 0.09 0.23 0.27 Particulars As at March 31, 2024 AED mn ` cr JPY mn ` cr Financial assets Trade receivables - - - - Net exposure to foreign currency risk (assets) - - - - Financial liabilities Trade payables 0.11 0.24 3.24 0.18 Net exposure to foreign currency risk (liabilities) 0.11 0.24 3.24 0.18 1 Includes hedges for highly probable transactions up to next 12 months c) Management of credit risk Credit risk is the risk of financial loss to the Company if a customer or counterparty fails to meet its contractual obligations. Trade receivables Concentrations of credit risk with respect to trade receivables are limited due to the customer base being large, diverse and spread across sectors and countries. A portion of trade receivables are secured by insurance policies or Export Credit Guarantee Corporation schemes. All trade receivables are reviewed and assessed for default on a quarterly basis. Historical experience of collecting receivables of the Company is supported by low level of past default and hence, the credit risk is perceived to be low. Reconciliation of loss allowance provision – trade receivables (` cr) Particulars Loss allowance on trade receivables Loss allowance at on April 01, 2023 13.67 Changes in loss allowance (0.31) Loss allowance as at March 31, 2024 13.36 Changes in loss allowance 2.61 Loss allowance as at March 31, 2025 15.97 Note 29.8 Financial risk management (continued) 215 215 Corporate overview Performance overview ESG overview Statutory Reports Financial Statements
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