FGV Annual Report 2015

317 WHO WE ARE & WHAT WE DO OUR STRATEGIC INTENT & PERFORMANCE HOWWE ARE GOVERNED CREATING SUSTAINABLE VALUE OUR NUMBERS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING Notes to the Financial Statements For The Financial Year Ended 31 December 2015 ADDRESSING OUR RISKS & OPPORTUNITIES Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 43 BORROWINGS (CONTINUED) The borrowings are denominated as follows: Group 2015 2014 RM’000 RM’000 - Ringgit Malaysia 2,557,503 1,826,100 - United States Dollar 917,761 359,260 - Canadian Dollar - 205,509 - Thai Baht 11,261 13,385 - Great Britain Pound 60,795 45,197 - Singapore Dollar 3,099 2,699 - Pakistan Rupee - 47,856 3,550,419 2,500,006 Effective finance rates for borrowings are as follows: Effective finance rate at date of statement of financial Finance position rate per annum % 2015 Short term trade financing Fixed 2.82 – 5.60 Term loans Fixed/Floating 6.19 – 6.81 Finance lease liabilities Fixed 4.68 – 7.21 2014 Short term trade financing Fixed 2.26 – 6.60 Term loans Fixed/Floating 4.18 – 4.53 Finance lease liabilities Fixed 4.68 – 7.95