UEM EDGENTA BERHAD ANNUAL REPORT 2021 1 2 3 4 5 6 7 293 292 NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FINANCIAL STATEMENTS 39. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTD.) (d) Interest rate risk (contd.) The following tables set out the carrying amounts, the weighted average effective interest rates (“WAEIR”) as at the reporting date and the remaining maturities of the Group’s and of the Company’s financial instruments that are exposed to interest rate risk: Note WAEIR % Within 1 year RM’000 1-2 years RM’000 2-5 years RM’000 > 5 years RM’000 Total RM’000 At 31 December 2021 Group Fixed rate Deposits with licensed banks and other financial institutions 23 1.61 201,742 - - - 201,742 IMTNs 27 4.85 (252,184) - - - (252,184) Lease liabilities 34 3.55 (8,599) (8,827) (16,193) - (33,619) Floating rate Revolving credit 27 1.90 (119,948) - - - (119,948) Term loans 27 3.83 (13,294) (11,238) (34,698) (12,159) (71,389) Company Fixed rate IMTNs 27 4.85 (252,184) - - - (252,184) Lease liabilities 34 3.73 (6,818) (7,052) (15,525) - (29,395) Floating rate Revolving credit 27 2.45 (52,000) - - - (52,000) 39. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTD.) (d) Interest rate risk (contd.) Note WAEIR % Within 1 year RM’000 1-2 years RM’000 2-5 years RM’000 > 5 years RM’000 Total RM’000 At 31 December 2020 Group Fixed rate Deposits with licensed banks and other financial institutions 23 1.68 326,771 - - - 326,771 ICPs 27 3.40 (50,000) - - - (50,000) IMTNs 27 4.85 (2,101) (249,958) - - (252,059) Lease liabilities 34 4.00 (9,807) (6,707) (20,344) (717) (37,575) Floating rate Murabahah Term Facility 27 2.80 (38,089) - - - (38,089) Revolving credit 27 1.78 (64,057) - - - (64,057) Term loans 27 3.98 (10,203) (10,650) (33,887) (24,209) (78,949) Company Fixed rate Deposits with licensed banks and other financial institutions 23 1.70 9,500 - - - 9,500 ICPs 27 3.40 (50,000) - - - (50,000) IMTNs 27 4.85 (2,101) (249,958) - - (252,059) Lease liabilities 34 4.00 (6,030) (5,990) (19,263) (274) (31,557) 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.
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