MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS 285 Financial Statements 37. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONT'D.) (a) Interest rate risk (cont'd.) Increase/(Decrease) in LIBOR basis point Effect on profit before taxation (Decrease)/Increase RM'000 Effect on other comprehensive income Increase/(Decrease) RM'000 As at 31 December 2017 Group USD - 3 Months LIBOR +50 (48,907) 2,316  USD - 3 Months LIBOR -50 48,907  (2,316) Corporation USD - 3 Months LIBOR +50 (34,530) -  USD - 3 Months LIBOR -50 34,530  -  As at 31 December 2016 Group USD - 3 Months LIBOR +50 (50,080) 1,323  USD - 3 Months LIBOR -50 50,080  (1,323) Corporation USD - 3 Months LIBOR +50 (41,429) -  USD - 3 Months LIBOR -50 41,429  -