Annual Report 2019

FAR EAST CONSORTIUM INTERNATIONAL LIMITED 230 For the year ended 31 March 2019 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 29. DERIVATIVE FINANCIAL INSTRUMENTS Assets Liabilities 2019 2018 2019 2018 HK$’000 HK$’000 HK$’000 HK$’000 Derivatives that are designated as hedging instruments carried at fair value: Cash flow hedges – Cross currency swap contracts (Note) 4,366 – – (22,170) Held for trading derivatives that are not designated in hedge accounting relationships: Call/put options in unlisted equity securities and foreign currencies – 468 – – Forward foreign exchange contracts – 50 – – Cross currency swap contracts 99 – – (11,604) Assets (liabilities) from profit guarantee arrangement 2,547 – – (5,876) 7,012 518 – (39,650) Analysed for reporting purpose as: Current 4,646 518 – (2,211) Non-current 2,366 – – (37,439) 7,012 518 – (39,650) Note: Cross currency swap contracts These cross currency swap contracts were designated as hedging instruments against the variability of cash flows.