GHL System Berhad Annual Report 2018

a n n u a l r e p o r t 2 0 1 8 131 NOT ES TO THE F I NANC I A L STAT EMENTS 3 1 D e c e m b e r 2 0 1 8 C O N T ’ D 25. BORROWINGS (cont’d) (f) At the end of the reporting period, the interest rate profile of the borrowings are as follows: Group Company 2018 2017 2018 2017 RM RM RM RM Fixed rates 25,947,825 25,186,239 229,981 296,639 Floating rates 8,720,036 9,000,000 - - 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 2018 2017 2018 2017 RM RM RM RM Ringgit Malaysia (“RM”) 21,205,813 30,544,209 229,981 296,639 Philippines Peso (“PHP”) 8,638,708 3,642,030 - - Thai Baht (“THB”) 4,823,340 - - - 34,667,861 34,186,239 229,981 296,639 (h) The following table demonstrates the sensitivity analysis of the Group and of the Company to a reasonably possible change in the PHP and THB exchange rates against the respective functional currencies of the Group entities, with all other variables held constant: Group Company 2018 2017 2018 2017 RM RM RM RM Profit after tax PHP/RM - strengthen by 10% (2017: 10%) (656,542) (276,794) - - PHP/RM - weaken by 10% (2017: 10%) 656,542 276,794 - - THB/RM - strengthen by 10% (2017: 10%) (366,574) - - - THB/RM - weaken by 10% (2017: 10%) 366,574 - - -