PT Corporation, a Singapore Company, has subsidiaries in China and Australia. Both subsidiaries have intercompany transactions with

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PT Corporation, a Singapore Company, has subsidiaries in China and Australia. Both subsidiaries have intercompany transactions with other group members and with other companies. The functional currency of PT Corporation is the Singapore dollar (S$). The functional currencies of the subsidiaries are the local currencies. The following table shows the amount of receivables and payables (denominated in the original currency of transaction) of each company in the group at 31 December 20x7. Figures are in thousands of units of currency.

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Required
1. Calculate the transaction gains or losses for each company in the group for the year ended 31 December 20x7.
2. Quantify the foreign exchange transaction exposure for each company in the group and for the group as a whole at 31 December 20x7.

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