200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 5. Finance costs 2023 2022 2023 2022 RM RM RM RM Interest expense on: - bank loan, bank overdrafts, invoice financing and bankers' acceptance 19,334,819 12,251,420 4,245,727 3,955,823 - hire purchase arrangements 1,163,831 1,132,781 - - - advance from a subsidiary - - 1,330,840 - - advance from corporate shareholder of a subsidiary 242,720 439,207 - - - advance from joint venture - 55,940 - - - lease liabilities (Note 23) 220,096 243,333 - - 20,961,466 14,122,681 5,576,567 3,955,823 Less: Interest expenses capitalised in development properties (Note 17) (5,391,056) (1,302,969) - - 15,570,410 12,819,712 5,576,567 3,955,823 Group Company - 38 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 Kimlun Corporation Berhad 108
RkJQdWJsaXNoZXIy NDgzMzc=