notes to the financial statements
for the financial year ended 31 December 2014 (Continued)
32 LOANS AND BORROWINGS (CONTINUED)
The remaining maturities of the loans and borrowings are as follows:
Group
Company
2014
2013
2014
2013
RM’000
RM’000
RM’000
RM’000
Within 1 year
879,463
647,258
255,712
214,195
More than 1 year and less than 2 years
65,701
83,754
-
-
More than 2 years and less than 5 years
70,646
98,364
-
-
1,015,810
829,376
255,712
214,195
As at 31 December 2014 and 31 December 2013, there were no secured loans and borrowings held by the Group.
The Group’s and the Company’s loans and borrowings exposure to foreign currency (a currency which is other than the functional currency of the Group entities and the
Company) risk, based on carrying amounts as at the end of the financial year, was:
Group
Company
2014
2013
2014
2013
RM’000
RM’000
RM’000
RM’000
United States Dollar
312,029
242,608
255,712
214,195
The effective interest rates of loans and borrowings of the Group are as follows:
Group
Company
2014
2013
2014
2013
%
%
%
%
Revolving credits
0.85 - 4.05
0.88 - 3.75
0.85 - 4.05
0.88 - 3.75
Trade financing
1.20 - 4.35
1.20 - 3.86
-
-
Term loans
2.73 - 2.76
2.75 - 2.76
-
-
Fixed rate notes
2.40
-
-
-
138
Wah Seong Corporation Berhad • Annual Report 2014
