NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years ended December 31, 2011 and 2010 (In thousands of Canadian dollars, except share and per share information) The Company’s exposure to foreign currency risk was as follows based on notional amounts: (f) Currency risk Exposure to currency risk 2011 2010 U.S. dollar Great Britain pound euro U.S. dollar Great Britain pound euro Cash and cash equivalents 63,130 5,148 27,778 102,527 3,767 28,485 Trade and other receivables 63,746 5,722 41,270 61,115 4,907 37,847 Trade and other payables 89,766 4,847 43,986 89,990 5,387 44,823 Long-term debt 323,175 — 5,295 329,120 1 59,126 Equity Income Statement 2011 2010 2011 2010 US dollar (2,664) 11,671 273 80 Great Britain pound 250 (667) (43) (17) Euro 18,679 (7,551) (739) (437) (g) Interest rate risk Sensitivity analysis A five percent strengthening of the Canadian dollar, as indicated below, against the following currencies at December 31 would have increased (decreased) equity and earnings by the amounts shown below. This analysis assumes that all other variables, in particular interest rates, remain constant. A five percent weakening of the Canadian dollar against the above currencies at December 31 would have had the equal but opposite effect on the above currencies to the amounts shown above, on the basis that all other variables remain constant. An increase of 100 basis points in interest rates at the reporting date would have decreased net earnings by $0.2 million (2010: $0.4 million) and have no impact on other comprehensive income. This analysis assumes that all other variables, in particular foreign currency rates, remain constant. The analysis is performed on the same basis for 2010. 80 CCL Industries Inc. 2011 Annual Report