200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 23. Loans and borrowings (cont'd) The remaining maturities of the loans and borrowings as at 31 December are as follows: 2021 2020 2021 2020 RM RM RM RM On demand or within one year 158,571,590 274,921,713 3,000,000 - More than 1 year and less than 2 years 34,919,828 35,671,687 - - More than 2 years and less than 5 years 113,571,101 94,139,016 75,000,000 - 5 years and more - 2,375,000 - - 307,062,519 407,107,416 78,000,000 - Hire purchase payables (Note 32(b)) Bank overdrafts, bankers' acceptances, term loans and invoice financing The interest rates (per annum) at the reporting date were as follows: 2021 2020 % % Bank overdrafts N/A 3.89 to 7.62 Bankers' acceptance 2.59 to 3.88 2.52 to 4.55 Term loans 4.20 to 5.45 4.30 to 5.92 Invoice financing 1.80 to 4.71 1.67 to 6.10 Revolving credit 3.27 to 3.99 3.29 to 5.50 (a) (b) Short term deposits as disclosed in Note 22; and (c) Corporate guarantee by the Company. Group Company These obligations are secured by a pledge over the leased assets (Note 12). The discount rate implicit in the leases is between 1.68% to 4.06% (2020: 1.68% to 4.06%) per annum. Group The bank overdrafts, bankers' acceptances, term loans, invoice financing and revolving credit together with bank guarantee facilities are secured by: First party first legal charge over certain land held for development, development properties and inventories as disclosed in Notes 19 and 20; - 80 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 Annual Repor t 2021 140
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