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: 2022 2021 2022 2021 RM RM RM RM On demand or within one year 151,644,515 158,571,590 5,900,000 3,000,000 More than 1 year and less than 2 years 72,547,428 34,919,828 45,000,000 - More than 2 years and less than 5 years 73,622,884 113,571,101 30,000,000 75,000,000 5 years and more 9,823,579 - - - 307,638,406 307,062,519 80,900,000 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: 2022 2021 % % Bankers' acceptance 3.62 to 5.00 2.59 to 3.88 Term loans 4.30 to 6.26 4.20 to 5.45 Invoice financing 4.41 to 6.27 1.80 to 4.71 Revolving credit 3.27 to 5.88 3.27 to 3.99 (a) (b) Short term deposits as disclosed in Note 21; and (c) Corporate guarantee by the Company. These obligations are secured by a pledge over the leased assets as disclosed in Note 12. The discount rate implicit in the leases is between 1.68% to 4.06% (2021: 1.68% to 4.06%) per annum. Group The 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 18 and 19; Group Company - 81 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Annual Report 2022 146
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