macquarie.com.au  2014 Annual Financial Report  Macquarie Group Limited and its subsidiaries  Notes to the financial statements  for the financial year ended 31 March 2014  continued  Note 38.3  Market risk  continued  Equity price risk  The table below indicates the equity markets to which the Consolidated Entity had significant exposure at 31 March on its non- trading investment portfolio excluding interests in associates and joint ventures. The effect on equity (as a result of a change in the  fair value of equity instruments held as available for sale at 31 March) and the income statement due to a reasonably possible  change in equity prices, with all other variables held constant, is as follows:  2014  2013  Movement in  equity price  Sensitivity of profit before tax Sensitivity of equity after tax  Movement  in equity   price Sensitivity of profit before tax Sensitivity of equity after tax  Geographic region  %  $m  $m  %  $m  $m  Consolidated  Listed  Australia  +10  –  36.1  +10  0.8  113.4  Asia Pacific  +10  –  1.3  +10  –  1.2  Europe, Middle East and  Africa  +10  1.8  0.8  +10  2.9  1.5  Americas  +10  –  14.5  +10  –  37.7  Unlisted  +10  0.6  86.0  +10  0.8  61.6  Listed  Australia  –10  –  (36.1)  –10  (0.7)  (113.4)  Asia Pacific  –10  –  (1.3)  –10  –  (1.2)  Europe, Middle East and  Africa  –10  (1.8)  (0.8)  –10  (2.9)  (1.5)  Americas  –10  –  (14.5)  –10  –  (37.7)  Unlisted  –10  (0.6)  (86.0)  –10  (0.1)  (61.6)  194 