ENRA Group Berhad Annual Report 2018

124 E N R A G R O U P B E R H A D ( 2 3 6 8 0 0 - T ) NOTES TO THE FINANCIAL STATEMENTS 31 March 2018 cont’d 42. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (Cont’d) (ii) Interest rate risk (Cont’d) The following tables set out the carrying amounts, the weighted average effective interest rates as at the end of reporting period and the remaining maturities of the financial instruments of the Group and of the Company that are exposed to interest rate risk: 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 Note % RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Group At 31 March 2018 Fixed rates Fixed deposits with licensed banks and short term funds 15 2.07 27,114 - - - - - 27,114 Hire-purchase and lease creditors 25 6.29 219 227 206 94 50 121 917 Other borrowings 27 2.55 39,759 - - - - - 39,759 Floating rates Bank overdrafts 24 8.50 18,421 - - - - - 18,421 Term loans 26 5.41 14,065 1,200 1,200 300 - - 16,765 At 31 March 2017 Fixed rates Fixed deposits with licensed banks and short term funds 15 3.16 48,357 - - - - - 48,357 Hire-purchase and lease creditors 25 6.05 233 220 227 206 94 171 1,151 Other borrowings 27 0.53 5,222 - - - - - 5,222 Floating rates Bank overdrafts 24 8.39 20,657 - - - - - 20,657 Term loans 26 5.45 19,463 14,009 1,200 1,200 300 - 36,172