PRG Holdings Berhad Annual Report 2017

• PRG HOLDINGS BERHAD 130 20. BORROWINGS Group Company 2017 2016 2017 2016 Note RM’000 RM’000 RM’000 RM’000 Current liabilities Secured: Term loans 2,961 21,980 - 157 Trade bills 4,105 10,141 - - Hire purchase creditors (b) 1,184 971 - 115 Bank overdraft 17(e) - 659 - - 8,250 33,751 - 272 Non-current liabilities Secured: Term loans 19,137 15,152 - - Hire purchase creditors (b) 1,182 2,049 - 183 20,319 17,201 - 183 28,569 50,952 - 455 Total borrowings Secured: Term loans 22,098 37,132 - 157 Trade bills 4,105 10,141 - - Hire purchase creditors (b) 2,366 3,020 - 298 Bank overdraft 17(e) - 659 - - 28,569 50,952 - 455 (a) Term loans of the Group with a total carrying amount of RM7,198,000 (2016: RM21,556,000) are secured by way of: (i) A charge over the leasehold land under development as disclosed in Note 14 to the financial statements. (ii) Deposits maintained in a designated Debt Service Reserve Account with a licensed bank as disclosed in Note 17 to the financial statements. The remaining term loans of the Group with a total carrying amount of RM14,900,000 (2016: RM15,576,000), trade bills and bank overdraft of the Group are secured by a pledge over the Group’s freehold land, long-term leasehold land, buildings and certain plant and machinery with a total carrying amount of RM30,285,000 (2016: RM35,777,000) as disclosed in Note 7 to the financial statements. The term loans, trade bills and bank overdraft granted to the subsidiaries are guaranteed by the Company as disclosed in Note 23 to the financial statements. N O T E S T O T H E F I N A N C I A L S T A T E M E N T S 3 1 D E C E M B E R 2 0 1 7 ( c o n t ’ d )