FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 204 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 4 FINANCIAL RISK MANAGEMENT (CONTINUED) (a) Financial risk management policies (continued) Market risk (continued) (iii) Finance rate risk The Group's finance rate risk mainly arises from LLA liability and short term trade financing. LLA liability and short term trade financing issued at variable rates expose the Group to cash flow finance rate risk. The finance rate profile of the Group's finance bearing financial assets, based on carrying amounts as at the end of the reporting period was: Group Company 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 Financial assets At fixed rate Fixed deposits 1,311,826 1,905,793 74,485 506,283 The finance rate profile of the Group's finance bearing financial liabilities, based on carrying amounts as at the end of the reporting period was: Group Company 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 Financial liabilities At fixed rate Loans due to a significant shareholder 1,689,005 1,893,290 1,689,005 1,893,290 Loans due to subsidiaries - - 28,895 520,629 Islamic short term trade financing 3,105,723 2,594,021 - - Short term trade financing 41,694 521,283 - - Islamic term loans 199,366 13,322 - - Term loans - 253,049 - - Finance lease liabilities 2,423 3,143 - - 5,038,211 5,278,108 1,717,900 2,413,919