Wah Seong Corporation Berhad Annual Report 2020

165 ANNUAL REPORT 2020 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 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 were: Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 - United States Dollar 110,869 173,525 96,759 102,217 - Euro Dollar 24,376 13,297 - - - Ringgit Malaysia 22,563 - - - - Singapore Dollar 5,746 - - - - British Pound 586 - - - - Canadian Dollar 416 - - - 164,556 186,822 96,759 102,217 The effective interest rates of loans and borrowings of the Group are as follows: Group Company 2020 2019 2020 2019 % % % % Revolving credits 0.97 – 4.91 1.19 – 5.04 2.39 – 4.91 3.94 – 4.91 Term loans 2.26 – 6.05 4.01 – 6.05 - - Trade financing 1.13 – 4.76 1.45 – 4.81 - - Fixed rate notes 3.20 4.25 - - The net exposure of loans and borrowings to cash flow risk and fair value risk in the periods in which they mature or reprice (whichever is earlier) are as follows: Total carrying amount Fixed interest rate (Fair value risk) <1 year Floating interest rate (Cash flow risk) <1 year 1 – 2 years 2 – 5 years >5 years 2020 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Group Unsecured Revolving credits 500,644 - 500,644 - - - Term loan 239,290 - 136,184 35,845 60,000 7,261 Trade financing 119,068 - 119,068 - - - Fixed rate notes 19,054 19,054 - - - - 878,056 19,054 755,896 35,845 60,000 7,261 Company Unsecured Revolving credits 126,759 - 126,759 - - -