Frontken Berhad Annual Report 2017

101 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2017 22. TERM LOANS The Group The Company 2017 2016 2017 2016 RM RM RM RM Principal outstanding 15,836,487 24,074,255 2,037,933 4,128,510 Less: Portion due within one year (Note 25) (4,289,792) (3,813,871) (2,037,933) (2,090,734) Non-current portion 11,546,695 20,260,384 - 2,037,776 The non-current portion is repayable as follows: The Group The Company 2017 2016 2017 2016 RM RM RM RM Later than one year but not later than five years 11,546,695 16,986,266 - 2,037,776 Later than five years - 3,274,118 - - 11,546,695 20,260,384 - 2,037,776 (a) The term loans are secured by : (i) legal charges over certain freehold land and buildings of the Group as disclosed in Note 10 to the financial statements; (ii) legal charges over the long-term leasehold land and buildings of the Group as disclosed in Note 10 to the financial statements; (iii) corporate guarantees of the Company; and (iv) fixed deposits as disclosed in Note 15 to the financial statements. (b) The interest rate profile of the term loans is summarised below : Effective Interest Rate The Group 2017 2016 2017 2016 % % RM RM Floating rate term loans 1.40 – 6.57 1.40 – 6.46 15,836,487 24,074,255 Effective Interest Rate The Company 2017 2016 2017 2016 % % RM RM Floating rate term loans 6.57 6.46 2,037,933 4,128,510 Notes To The Financial Statements (cont’d)