MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS 243 Financial Statements 18. OTHER FINANCIAL ASSETS AND FINANCIAL LIABILITIES (CONT'D.) (c) Interest-bearing loans and borrowings (cont'd.) The range of interest rates as at the reporting date of the above interest-bearing loans and borrowings are as follows: Group Corporation 2017 % 2016 % 2017 % 2016 % Fixed rate Term loans 2.03-2.96 2.36-2.96 - - Sukuk Murabahah - 4.60 - - Loans from subsidiaries - - 2.36 2.36 Floating rate Revolving credits 1.44-2.15 1.35-1.50 1.44-2.13 1.35-1.50 Term loans 1.38-2.96 1.35-2.50 - - Loans from subsidiaries - - 1.43-3.05 1.35-2.38 Changes in liabilities to arising from financing activities: Group Term Loan RM'000 Sukuk Murabahah RM'000 Revolving Credits RM'000 Total RM'000 At 1 January 2017 10,832,551 20,000 1,748,955 12,601,506 Net drawdown/(repayment) 957,886 (20,000) (683,816) 254,070 Amortisation of upfront fees 14,711 - - 14,711 The effect of changes in foreign exchange rates (1,079,000) - (127,394) (1,206,394) At 31 December 2017 10,726,148 - 937,745 11,663,893 Corporation Loans from subsidiaries RM'000 Revolving Credits RM'000 Total RM'000 At 1 January 2017 8,930,517 807,209 9,737,726 Net repayment (1,050,366) (645,109) (1,695,475) Amortisation of upfront fees 8,770 - 8,770 The effect of changes in foreign exchange rates (786,139) (40,315) (826,454) At 31 December 2017 7,102,782 121,785 7,224,567