41. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTD.) (d) Interest rate risk (contd.) At 31 December 2023 Note Group WAEIR % Within 1 year RM’000 1-2 years RM’000 2-5 years RM’000 > 5 years RM’000 Total RM’000 Fixed rate Deposits with licensed banks and other financial institutions 27 2.22% 194,100 – – – 194,100 IMTNs 35 4.25% – – (250,000) – (250,000) Lease liabilities 15 2.91% (13,483) (12,878) (4,608) (2,054) (33,023) Floating rate Revolving credit 35 3.44% (137,803) – – – (137,803) Term loans 35 4.92% (37,716) (51,997) (12,347) – (102,060) At 31 December 2023 Note Company WAEIR % Within 1 year RM’000 1-2 years RM’000 2-5 years RM’000 > 5 years RM’000 Total RM’000 Fixed rate Deposits with licensed banks and other financial institutions 27 2.95% 1,500 – – – 1,500 IMTNs 35 4.25% – – (250,000) – (250,000) Lease liabilities 15 2.61% (9,582) (9,838) (794) – (20,214) Floating rate Revolving credit 35 4.06% (85,000) – – – (85,000) Interest on financial instruments subject to floating interest rates is contractually repriced at intervals of less than 12 months. Interest on financial instruments at fixed rates are fixed until the maturity of the instruments. The other financial instruments of the Group and of the Company that are not included in the above tables are not subject to interest rate risks. (e) Market price risk Market price risk is the risk that the fair value or future cash flows of the Group’s financial instruments will fluctuate because of changes in market prices (other than interest or exchange rates). The Group is not exposed to equity price risk arising from its investment in quoted equity instruments. Notes to the Financial Statements For the year ended 31 December 2024 363 FINANCIAL STATEMENTS
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