Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 26 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 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 - United States Dollar 15,689 16,177 - 9,714 - Singapore Dollar 3,552 3,478 - - - Australian Dollar 608 - - - - Euro Dollar - 389 - - 19,849 20,044 - 9,714 The effective interest rates of loans and borrowings of the Group are as follows: Group Company 2023 2022 2023 2022 % % % % Revolving credits 0.97 – 8.65 0.97 – 8.01 5.05 – 7.51 3.11 – 7.36 Term loans 5.02 – 9.43 2.37 – 8.47 - - Trade financing 4.24 – 7.15 1.77 – 6.60 - - Fixed rate notes 8.00 6.20 - - Integrated Annual Report 2023 252
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