PRG Holdings Berhad Annual Report 2018

33. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued) (ii) Interest rate risk (continued) The following tables set out the carrying amounts, the average effective interest rates as at the end of the reporting period and the remaining maturities of the Group’s and of the Company’s financial instruments that are exposed to interest rate risk (continued): Average effective More Group interest Within 1 - 2 2 - 3 3 - 4 4 - 5 than rate Total 1 year years years years years 5 years Note % RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 At 31 December 2017 Fixed rate Amounts owing by associates 13 - USD 3.00 4,606 4,606 - - - - - - VND 3.00 58 58 - - - - - Deposits placed with financial institutions 17 - RM 2.55 - 3.60 4,098 4,098 - - - - - - USD 1.50 963 963 - - - - - - VND 5.40 - 6.30 2,103 2,103 - - - - - - HKD 1.00 19,314 19,314 - - - - - Investments in short term funds 17 3.22 5,598 5,598 - - - - - Hire purchase creditors 20 2.18 - 4.25 (2,366) (1,184) (862) (257) (63) - - Floating rate Trade bills 20 - USD 2.96 (90) (90) - - - - - - VND 5.40 - 7.20 (4,015) (4,015) - - - - - Term loans 20 - RM 4.62 - 6.36 (21,710) (2,573) (810) (2,071) (2,092) (1,732) (12,432) - USD 3.50 (388) (388) - - - - - 159 PRG HOLD I NGS BERHAD notes to the financial statements 31 December 2018 (continued)