Excel Force MSC Berhad Annual Report 2016

EXCEL FORCE MSC BERHAD ANNUAL REPORT 2016 86 Notes to the Financial Statements 31 December 2016 (cont’d) 17. BORROWINGS Group and Company 2016 2015 Note RM RM Current liability Term loan (secured) 18 981,108 981,108 Non-current liability Term loan (secured) 18 4,240,002 5,221,110 5,221,110 6,202,218 (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 2016 Term loan 5,221,110 981,108 981,108 981,108 981,108 981,108 315,570 2015 Term loan 6,202,218 981,108 981,108 981,108 981,108 981,108 1,296,678 (b) The borrowings are denominated in Ringgit Malaysia (‘RM’). (c) Information on financial risks of borrowings is disclosed in Note 32 to the financial statements. 18. TERM LOAN (SECURED) Group and Company 2016 2015 RM RM Repayable as follows: Current liabilities - not later than one (1) year 981,108 981,108 Non-current liabilities - later than one (1) year but not later than five (5) years 3,924,432 3,924,432 - more than five (5) years 315,570 1,296,678 4,240,002 5,221,110 5,221,110 6,202,218