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Annual Report 2014 | S P SETIA BERHAD GROUP | 177

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

29. SHORTTERM BORROWINGS (CONT’D)

The secured short term borrowings of the Group are secured by:

• fixed charges over various lands belonging to the Group as indicated in notes 2, 3, 4 and 14 above.

• fixed and floating charges on assets of subsidiary companies.

The currency exposure profile of short term borrowings is as follows:

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Restated

Ringgit Malaysia

870,197

531,631

440,000

240,000

United States Dollar

9,206

4,107

-

-

Australian Dollar

-

45,326

-

-

879,403

581,064

440,000

240,000

30. BANK OVERDRAFTS

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Restated

Secured

1,718

1,806

-

-

Unsecured

49,938

59,069

31,569

18,727

51,656

60,875

31,569

18,727

The range of interest rates at the reporting date for bank overdrafts are as follows:

Group

Company

2014

2013

2014

2013

%

%

%

%

Restated

Secured

7.35

7.35

-

-

Unsecured

4.14 - 5.25

4.14 – 5.25

4.32

4.14

The secured bank overdrafts are secured by fixed charges over various lands belonging to the Group as indicated in notes 2, 3, 4 and 14

above.