Dagang NeXchange Berhad Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) DAGANG NeXCHANGE BERHAD 178 30. FINANCIAL INSTRUMENTS (CONTINUED) 30.6 Market risk (continued) 30.6.2 Interest 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 per Within 2 – 5 > 5 annum Total 1 year years years % RM’000 RM’000 RM’000 RM’000 Group 2019 Fixed rate instruments Deposits with licensed banks 2.95 - 3.35 7,318 7,318 - - Lease liabilities 4.46 - 6.33 (5,827) (2,913) (2,690) (224) 1,491 4,405 (2,690) (224) Floating rate instruments Loans and borrowings 5.50 - 8.35 (66,269) (47,415) (9,870) (8,984) Company Fixed rate instruments Lease liabilities 4.27 (520) (292) (228) - Floating rate instruments Loans and borrowings 5.80 - 6.10 (28,000) (28,000) - - 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)