GHL System Berhad Annual Report 2017

ANNUAL REPORT 2017 117 NOTES TO THE FINANCIAL STATEMENTS 31 December 2017 CONT’D 23. BORROWINGS (cont’d) (f) At the end of the reporting period, the interest rate profile of the borrowings are as follows: Group Company 2017 2016 2017 2016 RM RM RM RM Fixed rates 25,186,239 37,520,764 296,639 102,369 Floating rates 9,000,000 602,960 - - The exposure to interest rate risk of the Group and of the Company is not significant and therefore, sensitivity analysis is not presented. (g) The currency exposure profile of borrowings are as follows: Group Company 2017 2016 2017 2016 RM RM RM RM Ringgit Malaysia 30,544,209 31,639,890 296,639 102,369 Philippines Peso (“PHP”) 3,642,030 6,483,834 - - 34,186,239 38,123,724 296,639 102,369 (h) The following table demonstrates the sensitivity analysis of the Group and of the Company to a reasonably possible change in the PHP and USD exchange rates against the respective functional currencies of the Group entities, with all other variables held constant: Group Company 2017 2016 2017 2016 RM RM RM RM Profit after tax PHP/RM - strengthen by 10% (2016: 10%) (276,794) (492,771) - - PHP/RM - weaken by 10% (2016: 10%) 276,794 492,771 - -