Excel Force MSC Berhad Annual Report 2015

NOTES TO THE FINANCIAL STATEMENTS 31 December 2015 (cont’d) E X C E L F O R C E M S C B E R H A D • A N N U A L R E P O R T 2 0 1 5 108 33. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued) (iii) Interest rate risk (continued) The following tables set out the carrying amounts, the weighted average effective interest rates as at the end of the reporting period and the remaining maturities of the Group’s and the Company’s financial instruments that are exposed to interest rate risk (continued): Note Weighted average effective interest rate Within 1 year 1 - 2 years 2 - 3 years 3 - 4 years 4 - 5 years More than 5 years Total Company % RM RM RM RM RM RM RM At 31 December 2015 Fixed rates Deposits with licensed banks 14 0.22 216,149 - - - - - 216,149 Short term funds 14 2.81 9,607,270 - - - - - 9,607,270 Floating rate Term loan 18 4.20 (981,108) (981,108) (981,108) (981,108) (981,108) (1,296,678) (6,202,218) At 31 December 2014 Fixed rates Deposits with licensed banks 14 0.45 175,284 - - - - - 175,284 Short term funds 14 3.48 11,491,029 - - - - - 11,491,029 Hire purchase and finance lease liabilities 19 3.00 (51,362) - - - - - (51,362) Floating rate Term loan 18 4.20 (981,108) (981,108) (981,108) (981,108) (981,108) (2,277,786) (7,183,326)