SCC Holdings Berhad Annual Report 2018

SCC Holdings Berhad | Annual Report 2018 .69 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2018 (CONT’D) 19. Bank Borrowings Group 2018 2017 RM’000 RM’000 Current Secured Bank overdraft 127 276 The bank overdraft of the Group is secured by the following: (i) legal charge over freehold land and buildings as disclosed in Note 4; and (ii) corporate guarantee from the Company. The interest rates of the Group for the above facility as at reporting date are as follows: Group 2018 2017 % % Bank overdraft BLR + 7.95% BLR + 7.95% 20. Revenue Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Trading sales - food service equipment 33,585 29,616 - - - animal health products 32,365 31,981 - - - food service supplies 209 250 - - Dividend income - - 5,333 5,159 Management fees - - 3,588 3,588 66,159 61,847 8,921 8,747 The timing of revenue recognition is at a point in time. 21. Finance Costs Group 2018 2017 RM’000 RM’000 Interest expense on: - Finance leases - 2