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210 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) FoR BEttER REtURNS

notes to the
financial statements
for the year ended 31 december 2022

33. FINANCIAL RISK (CONTINUED)
(a) Interest rate risk (continued)

Interest rate sensitivity (continued)

Group KWAP Group KWAP
Effect On Effect On
Effect On Effect On Profit Before Profit Before
Equity Equity Tax Tax
RM’000 RM’000 RM’000 RM’000
2022
increase in 100 basis points (2,020,964) (2,020,964) (11,833) (11,833)
decrease in 100 basis points 2,020,964 2,020,964 11,833 11,833
2021
increase in 100 basis points (1,802,425) (1,802,425) (21,623) (21,623)
decrease in 100 basis points 1,802,425 1,802,425 21,623 21,623

the group and KWap are exposed to various risks associated with the fluctuations in the prevailing levels of
interest rate on its statements of financial position and statements of cash flows. the following table indicates
KWap’s financial assets and financial liabilities at their effective interest rate and the carrying amount analysed by
the maturity date or the next repricing date, whichever is earlier.