ANNUAL REPORT 2008 - KNM Steel Sdn Bhd

NOTES TO THE
FINANCIAL STATEMENTS (CONT’D)
28. Financial instruments (cont’d)
Financial risk management objectives and policies (Cont’d)
Effective interest rates/profit rates and repricing analysis
In respect of interest-earning financial assets and interest-bearing financial liabilities, the following table indicates
their effective interest rates/profit rates at the balance sheet date and the periods in which they reprice or
mature, whichever is earlier.
Group
Average
effective
interest rates/
More
profit rates Less than 1 - 2 2 – 3 3 – 4 4 – 5 than 5
per annum Total 1 year years years years years years
2008 % RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Floating rate instruments
Bank overdraft - unsecured
- RM 7.05 – 7.25 (103) (103) – – – – –
- Euro 8.00 (47) (47) – – – – –
CP/MTN 3.69 – 5.80 (300,000) (300,000) – – – – –
Bridging loan – secured 6.25 – 7.75 (737,400) (737,400) – – – – –
Floating rate term loans – secured
- RMB 5.51 – 7.52 (5,243) (5,243) – – – – –
- Euro 4.49 – 6.40 (44,639) (44,639) – – – – –
- USD 5.00 (3,472) (3,472) – – – – –
Floating rate term loans – unsecured
- RMB 5.51 – 7.52 (19,437) (19,437) – – – – –
- Euro 2.75 – 5.35 (147,480) (147,480) – – – – –
- CAD 4.35 (34,427) (34,427) – – – – –
- BRL 6.05 – 27.11 (8,513) (8,513) – – – – –
(1,300,761) (1,300,761) – – – – –
Fixed rate instruments
Fixed rate term loans - unsecured
- Euro 3.10 – 4.40 (9,415) (6,372) (396) (408) (421) (434) (1,384)
Bills Payables - RM 3.97 – 4.54 (108,474) (108,474) – – – – –
Finance lease - EUR 4.50 (11,230) (746) (787) (828) (872) (919) (7,078)
Finance lease - CAD 4.83 – 15.00 (509) (233) (223) (53) – – –
Deposits with licensed banks 3.45 – 5.50 129,201 129,201 – – – – –
Deposits with financial institutions 3.35 26,078 26,078 – – – – –
25,651 39,454 (1,406) (1,289) (1,293) (1,353) (8,462)
KNM GROUP BERHAD
101
ANNUAL REPORT 2008