Download PDF - ChartNexus

Notes to the Financial Statements (cont’d)
For the financial year ended 31 December 2011
38. Financial risk management objectives and policies (cont’d)
(a) Interest rate risk (cont’d)
Range of
interest
rates Within 1 - 2 2 - 3 3 - 4 4 - 5
% per 1 year years years years years Total
Company Note annum RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
31 December 2011
Fixed rate
Amount due from a
jointly controlled
entity 24 4.00 – – 4,523 – – 4,523
Amount due from
subsidiaries 3.00 - 4.00 104,802 – – – – 104,802
Floating rate
Cash and bank
balances 26 0.10 - 3.50 141,279 – – – – 141,279
Short term trade
financing 28 1.25 - 2.20 73,919 – – – – 73,919
Bankers’ acceptances 28 3.48 - 4.05 376,403 – – – – 376,403
Revolving credits 28 2.72 15,863 15,863 7,931 – – 39,657
Term loans 28 2.65 4,472 – – – – 4,472
Group
At 31 December 2010
Fixed rate
Amount due from a
jointly controlled
entity 24 4.00 – – – 2,607 – 2,607
Floating rate
Cash and bank
balances 26 0.58 - 2.95 36,998 – – – – 36,998
Short term trade
financing 28 1.25 - 1.58 40,321 – – – – 40,321
Bankers’ acceptances 28 3.27 - 3.74 508,109 – – – – 508,109
Revolving credits 28 1.90 - 3.70 40,176 15,453 15,453 7,725 – 78,807
Term loans 28 1.90 - 4.65 30,042 29,854 13,907 – – 73,803
MALAYSIA SMELTING CORPORATION (43072-A) • ANNUAL REPORT 2011 153