FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 180 FGV HOLDINGS BERHAD EXAMINED OUR NUMBERS 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 borrowings issued at variable rates which expose the Group to cash flow finance rate risk. The finance rate profile of the Group’s and Company’s finance bearing financial assets, based on carrying amounts as at the end of the reporting period is as follows: Group Company 2018 RM’000 2017 RM’000 2018 RM’000 2017 RM’000 Financial assets At fixed rate Fixed deposits 587,414 1,326,700 534 40,839 The finance rate profile of the Group’s and Company’s finance bearing financial liabilities, based on carrying amounts as at the end of the reporting period is as follows: Group Company 2018 RM’000 2017 RM’000 2018 RM’000 2017 RM’000 Financial liabilities At fixed rate Loans due to a significant shareholder 1,159,103 1,387,316 1,159,103 1,387,316 Loans due to subsidiaries - - 908,049 721,019 Islamic short term trade financing 2,587,372 2,572,665 84,880 - Short term trade financing 451,541 722,059 - - 4,198,016 4,682,040 2,152,032 2,108,335