Page 95 - JTC-Annual Report-2025-Eng

JTC Logistics Transportation & Stevedoring Company K.S.C.P
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
As at December 31, 2025
(All amounts are in Kuwaiti Dinars)

financial assets are insignificant to the Group as the risk of default has not increased significantly
since initial recognition.

Trade receivables

The Group’s exposure to credit risk is influenced mainly by the individual characteristics of each
customer. The demographics of the Group’s customer base, including the default risk of the
industry and country, in which customers operate, has less of an influence on credit risk.

Customer credit risk is managed by each business unit subject to the Group’s established policy,
procedures and control relating to customer credit risk management. Outstanding customer
receivables are regularly monitored.

The Group’s maximum exposure arising from default of the counter-party is limited to the carrying
amount of cash and cash equivalents and accounts receivable.

c) Foreign currency risk

The Group incurs foreign currency risk on transactions that are denominated in a currency other
than the Kuwaiti Dinar. The Group may reduce its exposure to fluctuations in foreign exchange
rates through the use of derivative financial instruments. The Group ensures that the net exposure
is kept to an acceptable level, by dealing in currencies that do not fluctuate significantly against
the Kuwaiti Dinar.
The following table demonstrates the sensitivity to a reasonably possible change in the foreign
exchange between other currencies and Kuwaiti Dinar.

Effect on consolidated Effect on consolidated
Increase / (decrease) statement financial statement profit or
Currency against KD position loss

2025
US Dollar ± 5% ± 314,227 ± 15,711

Euro ± 5% ± 11,934 ± 597

UAE Dirham ± 5% ± 357,896 ± 17,894

2024

US Dollar ± 5% ±384,422 ±19,221

Euro ± 5% ±99,911 ±4,996
UAE Dirham ± 5% ±153,153 ±7,658

GBP ± 5% ±196 ± 10

92 JTC LogisTiCs TransporTaTion & sTevedoring Company K.s.C.p.