Wah Seong Corporation Berhad Annual Report 2019

163 ANNUAL REPORT 2019 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 28 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 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 - United States Dollar 173,525 153,415 102,217 120,011 - Euro Dollar 13,297 23,344 - - - British Pound - 3,963 - - 186,822 180,722 102,217 120,011 The effective interest rates of loans and borrowings of the Group are as follows: Group Company 2019 2018 2019 2018 % % % % Revolving credits 1.19 – 5.04 2.79 – 6.46 3.94 – 4.91 3.20 – 6.46 Term loans 4.01 – 6.05 3.16 – 6.57 - - Trade financing 1.45 – 4.81 2.28 – 4.69 - - Fixed rate notes 4.25 3.44 – 4.55 - - 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 2019 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Group Unsecured Revolving credits 468,219 - 468,219 - - - Term loan 293,094 - 75,135 75,332 120,427 22,200 Trade financing 167,458 - 167,458 - - - Fixed rate notes 19,324 19,324 - - - - 948,095 19,324 710,812 75,332 120,427 22,200 Company Unsecured Revolving credits 152,217 - 152,217 - - -