Registration No. 200301030845 (633265-K) - 150 - 39. Financial Instruments (Cont’d) (b) Financial risk management objectives and policies (Cont’d) (iii) Market risks (Cont’d) (b) Interest rate risk (Cont’d) 30.6.2024 31.12.2022 RM RM Company Financial Assets Fixed rate instruments Other receivables - 13,061,519 Financial Liabilities Floating rate instruments Bank borrowings 4,577,432 10,402,690 Interest rate risk sensitivity analysis Fair value sensitivity analysis for fixed rate instruments The Group and the Company do not account for any fixed rate financial assets and liabilities at fair value through profit or loss. Therefore, a change in interest rates at the end of the reporting period would not affect profit or loss. Cash flow sensitivity analysis for floating rate instruments A change in 0.25% interest rate at the end of the reporting period would have increased the Group’ and the Company’s loss before tax by RM49,172 (31.12.2022 RM42,040) and RM11,444 (31.12.2022 RM26,007) respectively, arising mainly as a result of higher interest expense on floating rate loans and borrowings. This analysis assumes that all other variables remain constant. The assumed movement in basis points for interest rate sensitivity analysis is based on the currently observable market environment. 227 DESTINI BERHAD ANNUAL REPORT 2024
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