MKH Annual Report 2020

196 FINANCIAL STATEMENTS ANNUAL REPORT 2020 31. LEASE LIABILITY (CONT’D) The Group’s lease comprise land leased from PAK for a period of 60 years for future construction of a retail mall, which right-of-use asset is disclosed in Note 11. The incremental borrowing rate of the Group applied to the lease liability is 4.51% per annum. 32. LOANS AND BORROWINGS The Group The Company 2020 RM 2019 RM 2020 RM 2019 RM Non-current Term loans  Secured:  RM 44,557,219 66,089,198 - -  United States Dollar 48,207,725 93,375,783 - -  Unsecured:  United States Dollar 6,243,183 - - - Revolving credits  Secured:  RM 156,427,700 153,522,750 - - Hire purchase liabilities  RM 789,965 695,248 - - 256,225,792 313,682,979 - -