Wah Seong Corporation Berhad Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 164 27 LOANS AND BORROWINGS (CONTINUED) The Group’s and the Company’s loans and borrowings exposure to foreign currency (a currency which is other than the functional currency of the Group entities and the Company) risk, based on carrying amounts as at the end of the financial year, were: Group Company 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 - United States Dollar 178,646 252,772 134,167 233,402 - Euro Dollar 10,714 - - - The effective interest rates of loans and borrowings of the Group are as follows: Group Company 2017 % 2016 % 2017 % 2016 % Revolving credits 1.38 – 6.28 1.12 – 5.50 1.57 – 6.28 1.12 – 2.09 Trade financing 2.40 – 8.51 1.75 – 4.50 - - Term loans 2.68 – 5.32 2.12 – 4.75 - - Fixed rate notes 3.44 2.40 – 3.44 - -