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GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
36. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued)
(c) Interest rate risk (continued)
The following tables set out the carrying amounts, the weighted average effective interest rates as at
the end of each reporting period and the remaining maturities of the financial instruments of Group
and of the Company that are exposed to interest rate risk:
Weighted
average
effective
interest
rate
Within
1 year
1 - 2
years
2 - 3
years
3 - 4
years
4 - 5
years
More than
5 years
Total
Note per annum RM RM RM RM RM RM RM
%
Group
At 31 December 2015
Fixed rates
Deposits with licensed banks 16
3.12 6,847,548
-
-
-
-
- 6,847,548
Hire purchase creditors
- RM
- PHP
21
21
4.77
6.45
236,000
1,914,263
220,247
2,918,608
120,093
-
-
-
-
-
-
-
576,340
4,832,871
Bankers’ acceptance
22
3.56 15,000,000
-
-
-
-
- 15,000,000
Islamic facility
22
5.80 8,500,000
-
-
-
-
- 8,500,000
Term loans
20
5.68 4,453,958 4,400,423 1,911,736 1,323,361
-
- 12,089,478
Floating rates
Term loans
- USD
20
3.53 4,293,500
-
-
-
-
- 4,293,500
- PHP
20
5.00 610,307 610,307
-
-
-
- 1,220,614
At 31 December 2014
Fixed rates
Deposits with licensed banks 16
2.95 7,102,550
-
-
-
-
- 7,102,550
Hire purchase creditors
- RM
- PHP
21
21
4.45
6.45
218,213
1,533,465
228,134
1,754,033
201,582
2,393,835
53,006
-
-
-
-
-
700,935
5,681,333
Bankers’ acceptance
22
3.99 15,000,000
-
-
-
-
- 15,000,000
Islamic facility
22
5.08 6,000,000
-
-
-
-
- 6,000,000
Term loans
20
3.29 5,878,123 3,813,615 341,226 350,866 1,139,458
- 11,523,288
Floating rates
Term loans
20
5.00 520,080 520,080 520,080
-
-
- 1,560,240