Dagang NeXchange Berhad Annual Report 2018

30. FINANCIAL INSTRUMENTS (CONTINUED) 30.6 Market risk (continued) 30.6.2Interest rate risk (continued) Exposure to interest rate risk The interest rate profile of the Group’s and the Company’s significant interest-bearing financial instruments, based on carrying amounts as at the end of the reporting period are as follows: Effective interest rate Within 2 – 5 > 5 per annum Total 1 year years years % RM’000 RM’000 RM’000 RM’000 Group 2018 Fixed rate instruments Deposits with licensed banks 2.95 - 3.35 10,087 10,087 - - Loans and borrowings 4.46 - 7.37 (502) (202) (300) - 9,585 9,885 (300) - Floating rate instruments Loans and borrowings 5.50 - 8.49 (47,073) (29,409) (7,250) (10,414) 2017 Fixed rate instruments Deposits with licensed banks 2.45 - 3.10 31,249 31,249 - - Floating rate instruments Loans and borrowings 5.50 (20,000) (1,320) (7,327) (11,353) Company 2018 Floating rate instruments Loans and borrowings 5.85 - 6.10 (18,000) (18,000) - - 172 Dagang NeXchange Berhad Annual Report 2018 Notes to the Financial Statements (CONTINUED)