35. FINANCIAL INSTRUMENTS (continued) (vi) Market risk (continued) (b) Interest rate risk (continued) Exposure to interest rate risk The interest rate profile of the Group’s and the Company’s significant interest-bearing financial instruments, based on carrying amounts as at the end of the reporting period are as follows: Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Fixed rate instruments Fixed deposits 1,506,754 729,055 – – Bank loans (773,907) (547,816) – – Fixed rate medium term notes (579,622) (654,440) – – Loans from corporates (8,125) (5,691) – – Variable rate instruments Bank overdrafts (77,885) (44,135) – – Bank loans (5,973,037) (7,033,841) – – Loans from corporates (976,696) (916,992) – – Provision for loan taken by a joint venture (38,757) (47,688) – – Derivative instruments Interest rate caps 1,128,701 1,145,324 – – Interest rate swaps 992,651 145,286 – – Cross currency interest rate swaps 286,477 265,828 – – Sensitivity analysis Fair value sensitivity analysis for fixed rate instruments The Group does not account for any fixed rate financial assets and liabilities at FVTPL. Therefore, a change in interest rates at the end of the reporting period would not affect profit or loss. Cash flow sensitivity analysis for variable rate instruments A change of 100 basis points (“bp”) in interest rates at the end of the reporting period would not have a material impact on the profit or loss or equity of the Group. Annual Report 2023 217
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