65 (Expressed in Trinidad and Tobago Dollars) NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTS 30th June 2017 24 Financial risk management (continued) The following significant exchange rates were applied during the year: Average mid Reporting date rate spot rate 30 June 30 June 30 June 30 June 2017 2016 2017 2016 USD 6.7652 6.6508 6.7652 6.6508 Sensitivity analysis A 1% strengthening of TTD against USD at year end would have increased/(decreased) the total funds by the amount shown below. This analysis assumes that all other variables, in particular interest rates, remain constant. The analysis is performed on the same basis for 2014. Total funds year ended 30 June 2017 2016 $’000 $’000 TTD (58,810) (54,281) A 1% weakening of the TTD against USD at year end would have had the equal but opposite effect to the above currencies on the amounts shown above, on the basis that all other variables remain constant. 2017 2016 $’000 $’000 TTD 58,810 54,281 25 Staff complement The staff complement as at 30 June 2017 was 651 (2016: 649). 26 Subsequent events There were no subsequent events noted by management up to the date of authorisation of the special purpose financial statements that require adjustment to or disclosure in these special purpose financial statements.