SCC Holdings Berhad Annual Report 2019

notes to the financial statement 31 december 2019 (cont’d) 73 SCC Holdings Berhad | Annual Report 2019 20. Bank Borrowings (cont’d) The bank overdraft of the Group was secured by the following: (i) legal charge over freehold land and buildings as disclosed in Note 4 to the financial statements; 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 2019 2018 % % Bank overdraft BLR + 1.25% BLR + 1.25% 21. Revenue Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Revenue from contracts with customers Trading sales: - food service equipment 34,402 33,585 - - - animal health products 30,702 32,365 - - - food service supplies 69 209 - - Management fees - - 3,588 3,588 65,173 66,159 3,588 3,588 Revenue from other sources Dividend income - - 4,801 5,333 65,173 66,159 8,389 8,921 The timing of revenue recognition is at a point in time. 22. Finance Costs Group 2019 2018 RM’000 RM’000 Interest expense on: - Lease liabilities 71 -