DESTINI Annual Report 2020

The maturity analysis of lease liabilities of the Group at the end of the reporting period: Group 2020 2019 RM RM Within one year 5,769,829 7,524,796 Between one to five years 6,697,968 11,307,570 Between two to five years 413,261 3,378,189 More than five years 83,033 126,211 12,964,091 22,336,766 Less : Future finance charges (140,345) (920,379) Present value of lease liabilities 12,823,746 21,416,387 The Group leases leasehold properties, machinery and equipment, motor vehicles, land use right, warehouse, office and apartments. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions at interest rates ranging from 2.05% to 7.36% per annum. The leases have an average tenure of between 1 to 6 years. 22. Lease Liabilities (Cont’d) 23. Bank Borrowings Group Company 2020 2019 2020 2019 RM RM RM RM Secured Bank overdrafts 1,169,277 1,259,390 - - Term loan I 46,644 72,127 - - Term loan II 315,825 135,320 - - Term loan III 7,155,168 7,516,362 7,155,168 7,516,362 Term loan IV 1,636,284 2,077,648 1,636,284 2,077,648 Term loan V 2,153,253 2,055,395 - - Term loan VI 2,158,204 4,280,577 - - Term loan VII 7,364,727 14,952,489 7,364,727 14,952,489 Term loan VIII 77,359,254 80,192,385 - - Term loan IX 5,912,275 2,206,995 - - Total bank borrowings 105,270,911 114,748,688 16,156,179 24,546,499 ANNUAL REPORT 2020 DESTINI BERHAD Notes to Financial Statements 155