Wah Seong Corporation Berhad Annual Report 2021 175 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 27 LOANS AND BORROWINGS (CONTINUED) The effective interest rates of loans and borrowings of the Group are as follows: Group Company 2021 2020 2021 2020 % % % % Revolving credits 1.26 – 4.41 0.97 – 4.91 2.33 – 3.69 2.39 – 4.91 Term loans 2.18 – 6.05 2.26 – 6.05 - - Trade financing 1.45 – 4.81 1.13 – 4.76 - - Fixed rate notes 2.95 3.20 - - 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) Floating interest rate (Cash flow risk) <1 year <1 year 1 – 2 years 2 – 5 years >5 years RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 2021 Group Unsecured Revolving credits 438,736 - 438,736 - - - Term loan 190,964 - 85,721 28,263 76,036 944 Trade financing 104,972 - 104,972 - - - Fixed rate notes 19,722 19,722 - - - - 754,394 19,722 629,429 28,263 76,036 944 Company Unsecured Revolving credits 102,163 - 102,163 - - - 2020 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 - - -
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