Dagang NeXchange Berhad Annual Report 2018

15. CAPITAL AND RESERVES (CONTINUED) Translation reserve The translation reserve comprises all foreign currency differences arising from the translation of the financial statements of foreign operations and the Group’s share of associates’ foreign currency translation differences whose functional currencies are different from the Group’s presentation currency. Fair value reserve The fair value reserve comprises the cumulative net change in the fair value of equity instruments designated at fair value through other comprehensive income until the assets are derecognised or impaired. 16. NON-CONTROLLING SHAREHOLDERS’ INTERESTS This consists of the non-controlling shareholders’ proportion of share capital and reserves in subsidiaries. 17. LOANS AND BORROWINGS Group Company Note 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Non-current Term loans 17.1 17,664 18,680 - - Finance lease liabilities 17.2 300 - - - 17,964 18,680 - - Current Term loans 17.1 1,478 1,320 - - Finance lease liabilities 17.2 202 - - - Revolving credits 17.3 18,000 - 18,000 - Other bank facilities 17.4 2,893 - - - Bank overdrafts 14, 17.5 7,038 - - - 29,611 1,320 18,000 - 47,575 20,000 18,000 - 17.1 The term loans bore effective interest rates ranging from 5.75% to 7.15% (2017: 5.50%) per annum and are secured by: (i) a first party legal charge over certain freehold land and buildings as disclosed in Note 3 to the financial statements; (ii) a corporate guarantee of the Company; and (iii) a guarantee by a director of the Group. 146 Dagang NeXchange Berhad Annual Report 2018 Notes to the Financial Statements (CONTINUED)