Annual Report
2015
|
DAYANG ENTERPRISE HOLDINGS BHD
(712243-U)
131
32. Financial instruments (cont’d)
32.3 Financial risk management (cont’d)
(c) Market risk (cont’d)
Currency risk sensitivity analysis (cont’d)
(ii) Interest rate risk (cont’d)
Exposure to interest rate risk
The interest rate profile of the Group’s and the Company’s significant interest-bearing
financial instruments, based on the carrying amounts as at the end of the reporting
period was:
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Fixed rate instruments
Financial assets
- loan to a subsidiary
-
-
57,624,436 100,201,821
- deposits placed with
licensed banks
70,127,228 157,789,927
-
46,237,098
Financial liabilities
- finance lease liabilities
(303,389,494)
-
-
-
(233,262,266) 157,789,927 57,624,436 146,438,919
Floating rate instruments
Financial liabilities
- term loans
(1,431,801,678) (83,869,563) (674,391,000)
-
- revolving credits
(70,000,000) (70,000,000)
-
-
(1,501,801,678) (153,869,563) (674,391,000)
-
Interest rate risk sensitivity analysis
Fair value sensitivity analysis for fixed rate instruments
The Group does not account for any fixed rate financial assets and liabilities at fair value
through profit or loss and does not designate derivatives as hedging instruments under a
fair value hedge accounting model. Therefore, a change in interest rates at the end of
the reporting period would not affect profit or loss.
Notes to the
Financial Statements
(cont’d)
