NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
(cont’d)
E X C E L F O R C E M S C B E R H A D • A N N U A L R E P O R T 2 0 1 4
82
17. BORROWINGS (cont’d)
(a) The borrowings are repayable over the following periods:
Carrying Within
1-2
2-3
3-4
4-5 More than
amount
1 year
years
years
years
years
5 years
RM RM RM RM RM RM
RM
Group and Company
2014
Term loan
7,183,326 981,108 981,108 981,108 981,108 981,108 2,277,786
Hire purchase and
finance lease
liabilities
51,362 51,362
-
-
-
-
-
Carrying
Within
1-2
2-3
amount
1 year
years
years
RM
RM
RM
RM
Group and Company
2013
Hire purchase and finance
lease liabilities
486,963
435,601
51,362
-
(b) The borrowings are denominated in Ringgit Malaysia (‘RM’).
(c) Information on financial risks of borrowings is disclosed in Note 33 to the financial statements.
18. TERM LOAN (SECURED)
Group and Company
2014
2013
RM
RM
Repayable as follows:
Current liabilities
- not later than one (1) year
981,108
-
Non-current liabilities
- later than one (1) year but not later than five (5) years
3,924,432
-
- more than five (5) years
2,277,786
-
6,202,218
-
7,183,326
-
The term loan of the Group and of the Company is secured by a first party charge over the long term
leasehold land and building of the Group and of the Company as disclosed in Note 7 to the financial
statements.
The term loan is repayable by 120 monthly instalments with the fixed amounts of RM81,759 with effect from
one month after the date of full release of the loan.
