GHL System Berhad Annual Report 2020

153 a n n u a l r e p o r t 2 0 2 0 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 CONT’D 25. BORROWINGS (cont’d) (e) The weighted average effective interest rates of borrowings as at the end of each reporting period are as follows: Group Company 2020 2019 2020 2019 RM RM RM RM Term loans 5.80% 6.26% - - Islamic facility - 5.80% - - (f) At the end of the reporting period, the interest rate profile of the borrowings are as follows: Group Company 2020 2019 2020 2019 RM RM RM RM Fixed rates 18,192,502 19,726,919 - - Floating rates 3,982,352 6,477,300 - - 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 2020 2019 2020 2019 RM RM RM RM Ringgit Malaysia (“RM”) 21,994,063 25,427,876 - - Philippines Peso (“PHP”) 180,791 776,343 - - 22,174,854 26,204,219 - - (h) The following table demonstrates the sensitivity analysis of the Group and of the Company to a reasonably possible change in the PHP exchange rates against the respective functional currencies of the Group entities, with all other variables held constant: Group Company 2020 2019 2020 2019 RM RM RM RM Profit after tax PHP/RM - strengthen by 10% (2019: 10%) (13,740) (59,002) - - PHP/RM - weaken by 10% (2019: 10%) 13,740 59,002 - -