PRG Holdings Berhad Annual Report 2020

39. 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: 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 2020 Fixed rate Other receivables 16(h) 8.00 54,052 - 54,052 - - - - Amounts owing by associates 16(g) - USD 3.00 4,984 4,984 - - - - - Deposits placed with financial institutions 21 - RM 2.00 - 2.59 881 881 - - - - - - USD 0.20 520 520 - - - - - - VND 3.20 - 5.00 11,988 11,988 - - - - - - SGD 0.60 1,527 1,527 - - - - - Amount owing to a shareholder 4.00 (8,963) (8,963) - - - - - Floating rate Trade bills 25 - USD 2.10 - 3.80 (225) (225) - - - - - - SGD 7.00 (300) (300) - - - - - Term loans 25 - RM 3.36 - 6.25 (58,847) (1,800) (11,265) (5,887) (6,151) (6,429) (27,315) - SGD 7.50 (1,574) (757) (817) - - - - Bank overdraft - RM 25 7.39 - 7.64 (272) (272) - - - - - PRG HOLDINGS BERHAD 182 Notes to the Financial Statements 31 December 2020 cont’d