PRG Holdings Berhad Annual Report 2017

• Annual Report 2017 131 20. BORROWINGS (CONT’D) (b) Hire purchase creditors Group Company 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Minimum hire purchase payments: - not later than one (1) year 1,301 1,132 - 126 - later than one (1) year but not later than five (5) years 1,236 2,182 - 189 Total minimum hire purchase payments 2,537 3,314 - 315 Less: Future interest charges (171) (294) - (17) Present value of hire purchase payments 2,366 3,020 - 298 Repayable as follows: Current liabilities - not later than one (1) year 1,184 971 - 115 Non-current liabilities - later than one (1) year but not later than five (5) years 1,182 2,049 - 183 2,366 3,020 - 298 The hire purchase liabilities are secured by assets acquired under hire purchase arrangements. (c) The currency exposure profile of borrowings are as follows: Group Company 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Ringgit Malaysia 24,076 40,106 - 298 United States Dollar 478 5,025 - 157 Vietnamese Dong 4,015 5,821 - - 28,569 50,952 - 455 (d) The borrowings of the Group and of the Company bear the following interest rates per annum: Group Company 2017 2016 2017 2016 % % % % Term loans 3.50 - 6.36 3.25 - 6.36 - 4.05 Trade bills 2.96 - 7.20 2.50 - 7.10 - - Hire purchase creditors 2.18 - 4.25 2.00 - 4.25 - 2.44 - 2.47 Bank overdraft - 8.45 - 8.70 - - (e) Information on financial risks of borrowings and its remaining maturity is disclosed in Note 33 to the financial statements. N O T E S T O T H E F I N A N C I A L S T A T E M E N T S 3 1 D E C E M B E R 2 0 1 7 ( C O N T ’ D )