Excel Force MSC Berhad Annual Report 2015

NOTES TO THE FINANCIAL STATEMENTS 31 December 2015 (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 5 84 17. BORROWINGS Group and Company 2015 2014 Note RM RM Current liabilities Term loan (secured) 18 981,108 981,108 Hire purchase and finance lease liabilities 19 - 51,362 981,108 1,032,470 Non-current liabilities Term loan (secured) 18 5,221,110 6,202,218 6,202,218 7,234,688 Total borrowings Term loan (secured) 6,202,218 7,183,326 Hire purchase and finance lease liabilities - 51,362 6,202,218 7,234,688 (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 Group and Company RM RM RM RM RM RM RM 2015 Term loan 6,202,218 981,108 981,108 981,108 981,108 981,108 1,296,678 Carrying Within 1 - 2 2 - 3 3 - 4 4 - 5 More than amount 1 year years years years years 5 years Group and Company RM RM RM RM RM RM RM 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 - - - - - (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.