NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 27 LOANS AND BORROWINGS (CONTINUED) The remaining maturities of the loans and borrowings are as follows: Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Within 1 year 708,081 649,151 59,714 102,163 More than 1 year and less than 2 years 27,795 28,263 - - More than 2 years and less than 5 years 54,090 76,036 - - More than 5 years - 944 - - 789,966 754,394 59,714 102,163 As at 31 December 2022 and 31 December 2021, 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 were: Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 - United States Dollar 16,177 85,016 9,714 52,163 - Singapore Dollar 3,478 - - - - Euro Dollar 389 8,748 - - 20,044 93,764 9,714 52,163 The effective interest rates of loans and borrowings of the Group are as follows: Group Company 2022 2021 2022 2021 % % % % Revolving credits 0.97 – 8.01 1.26 – 4.41 3.11 – 7.36 2.33 – 3.69 Term loans 2.37 – 8.47 2.18 – 6.05 - - Trade financing 1.77 – 6.60 1.45 – 4.81 - - Fixed rate notes 6.20 2.95 - - Annual Report 2022 Wah Seong Corporation Berhad 179
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