200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 22. Loans and borrowings (cont'd) The remaining maturities of the loans and borrowings as at 31 December are as follows: 2023 2022 2023 2022 RM RM RM RM On demand or within one year 217,432,981 151,644,515 32,860,000 5,900,000 More than 1 year and less than 2 years 82,609,271 72,547,428 55,000,000 45,000,000 More than 2 years and less than 5 years 92,526,652 73,622,884 - 30,000,000 5 years and more 20,805,086 9,823,579 - - 413,373,990 307,638,406 87,860,000 80,900,000 Hire purchase payables (Note 31(b)) Bankers' acceptances, term loans, invoice financing and revolving credit The interest rates (per annum) at the reporting date were as follows: 2023 2022 % % Bankers' acceptances 3.33 to 4.98 3.62 to 5.00 Term loans 5.68 to 6.57 4.30 to 6.26 Invoice financing 4.32 to 5.26 4.41 to 6.27 Revolving credit 5.07 to 6.24 3.27 to 5.88 (a) (b) Short term deposits as disclosed in Note 20; and (c) Corporate guarantee by the Company. These obligations are secured by a pledge over the leased assets as disclosed in Note 11. The discount rate implicit in the leases is between 1.88% to 4.06% (2022: 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 17 and 18; Group Company - 62 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 Kimlun Corporation Berhad 132
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