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Interest receivable by the Group and Scottish Enterprise from cash and cash equivalents is subject to variation based on movements in the Bank of England base rate and associated interest rates.
Assuming that all other variables remain constant a change of 100 basis points in interest rates at the reporting date would have increased/decreased net operating costs as follows:
| GROUP | SCOTTISH ENTERPRISE |
|---|---|
| 100 basis points change | 100 basis points change |
| £000 | £000 |
| Cash and cash equivalents | |
| 31 March 2025 | 1,708 |
| 31 March 2026 | 1,729 |
Scottish Enterprise is exposed to currency risk on transactions and balances that are denominated in currencies other than Sterling. Whenever practical, Scottish Enterprise enters into agreements in its functional currency to minimise currency risks.
Scottish Enterprise is exposed to currency risks from its activities conducted overseas but does not enter into any hedge arrangements and does not consider currency risk to be material.