Annual report 2014
153
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014 (continued)
36. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued)
(c) Interest rate risk (continued)
Weighted
average
effective Within
1 - 2
2 - 3
3 - 4
4 - 5 More than
interest rate 1 year
years
years
years
years
5 years
Total
Note per annum RM RM RM RM RM RM RM
%
Company
At 31 December 2014
Fixed rates
Amounts owing by
subsidiaries
13
4.70 14,999,187 3,215,493 1,665,048 611,267 322,037
- 20,813,032
Deposits with licensed
banks
16
2.95
721,705
-
-
-
-
-
721,705
Hire purchase creditors 21
4.63
107,614 112,533 98,651
3,717
-
-
322,515
At 31 December 2013
Fixed rates
Amounts owing by
subsidiaries
13
4.70 2,855,417 2,309,500 671,341
-
-
- 5,836,258
Deposits with licensed
banks
16
2.95
100,000
-
-
-
-
-
100,000
Hire purchase creditors 21
4.63
129,107 107,615 112,532 98,651
3,717
-
451,622
(d) Foreign currency risk
Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument would
fluctuate because of changes in foreign exchange rates.
Subsidiaries operating in Australia, Philippines and Thailand have assets and liabilities together with
expected cash flows from anticipated transactions denominated in foreign currencies that give rise to
foreign exchange exposures.
The Group also hold cash and cash equivalents denominated in foreign currencies for working capital
purposes.
