Wah Seong Corporation Berhad Annual Report 2018

28 LOANS AND BORROWINGS (CONTINUED) The remaining maturities of the loans and borrowings are as follows: Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Within 1 year 718,215 774,854 170,011 134,167 More than 1 year and less than 2 years 51,550 171,399 - - More than 2 years and less than 5 years 37,660 30,270 - - More than 5 years 40,200 - - - 847,625 976,523 170,011 134,167 As at 31 December 2018 and 31 December 2017, there were no secured loans and borrowings held by the Group. 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 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 - United States Dollar 153,415 178,646 120,011 134,167 - Euro Dollar 23,344 10,714 - - - British Pound 3,963 - - - 180,722 189,360 120,011 134,167 The effective interest rates of loans and borrowings of the Group are as follows: Group Company 2018 2017 2018 2017 % % % % Revolving credits 2.79 – 6.46 1.38 – 6.28 3.20 – 6.46 1.57 – 6.28 Term loans 3.16 – 6.57 2.68 – 5.32 - - Trade financing 2.28 – 4.69 2.40 – 8.51 - - Fixed rate notes 3.44 – 4.55 3.44 - - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 WAH SEONG CORPORATION BERHAD 154