PRG Holdings Berhad Annual Report 2019

PRG HOLDINGS BERHAD 184 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 cont’d 37. 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): Group Average effective interest rate Total Within 1 year 1 - 2 years 2 - 3 years 3 - 4 years 4 - 5 years More than 5 years Note % RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 At 31 December 2018 Fixed rate Amounts owing by associates 15 - USD 3.00 4,712 - 4,712 - - - - - VND 3.00 36 36 - - - - - Deposits placed with financial institutions 20 - RM 3.65 - 3.85 1,467 1,467 - - - - - - USD 2.30 - 2.45 868 868 - - - - - - VND 4.50 - 5.50 3,094 3,094 - - - - - - HKD 2.00 - 2.10 6,408 6,408 - - - - - Investments in short term funds 20 3.41 - 3.58 175 175 - - - - - Hire purchase creditors 23 2.66 - 2.77 (839) (613) (193) (33) - - - Floating rate Trade bills - VND 23 7.00 - 7.80 (3,097) (3,097) - - - - - Term loans - RM 23 4.62 - 6.27 (19,015) (374) (2,462) (2,076) (1,701) (457) (11,945) - HKD 8.50 (15,060) (15,060) - - - - - Bank overdraft - RM 23 6.90 - 8.92 (8,582) (8,582) - - - - -