Page 341 - BTSGroup ONE REPORT 2021/22_EN

BTS Group Holdings Public Company Limited 6.4 Notes to Consolidated Financial Statements 339
Annual Report 2021/22

Interest rate risk

The Group’s exposure to interest rate risk relates primarily to its financial
assets and liabilities. Most of the Group’s financial assets and liabilities
bear floating interest rates or fixed interest rates which are close to the
market rate, except for cash to be received from clearing house -share
subscription of subsidiary, receivable from subscription for newly issued
ordinary shares of subsidiary, trade and other receivables, trade and
other payables and advance receivables with no interest.

The Group enters into interest rate swaps and cross currency and
interest rate swap, in which it agrees to exchange, at specified intervals,
between fixed and variable rate interest amounts calculated by reference
to an agreed-upon notional principal amount as described in Note 51.1
to the financial statements.

As at 31 March 2022 and 2021, significant financial assets and liabilities
classified by type of interest rate are summarised in the table below,
with those financial assets and liabilities that carry fixed interest rates
further classified based on the maturity date, or the repricing date if
this occurs before the maturity date.