Integrated Annual Report 2023 2 3 4 5 6 7 8 9 1 369 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 41. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTD.) (d) Interest rate risk (contd.) The following tables set out the carrying amounts, the weighted average effective interest rates (“WAEIR”) as at the reporting date and the remaining maturities of the Group’s and of the Company’s financial instruments that are exposed to interest rate risk: (contd.) At 31 December 2022 Note WAEIR % Within 1 year RM’000 1-2 years RM’000 2-5 years RM’000 > 5 years RM’000 Total RM’000 Group Fixed rate Deposits with licensed banks and other financial institutions 27 2.16 131,244 - - - 131,244 IMTNs 35 4.25 - - (250,000) - (250,000) Lease liabilities 15 2.54 (12,744) (12,136) (16,074) - (40,954) Floating rate Revolving credit 35 2.61 (101,732) - - - (101,732) Term loans 35 4.69 (25,379) (26,563) (55,076) - (107,018) Company Fixed rate Deposits with licensed banks and other financial institutions 27 3.27 9,000 - - - 9,000 IMTNs 35 4.25 - - (250,000) - (250,000) Lease liabilities 15 4.00 (9,700) (6,934) (13,967) - (30,601) Floating rate Revolving credit 35 2.45 (52,000) - - - (52,000) Interest on financial instruments subject to floating interest rates is contractually repriced at intervals of less than 12 months. Interest on financial instruments at fixed rates are fixed until the maturity of the instruments. The other financial instruments of the Group and of the Company that are not included in the above tables are not subject to interest rate risks.
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