PRG Holdings Berhad Annual Report 2020

25. BORROWINGS Group Company 2020 2019 2020 2019 Note RM’000 RM’000 RM’000 RM’000 Current liabilities Secured: Term loans (a) 2,558 11,130 - 8,411 Trade bills 525 1,020 - - Bank overdraft 21(d) 272 384 - - 3,355 12,534 - 8,411 Non-current liabilities Secured: Term loans (a) 57,863 20,465 - - 61,218 32,999 - 8,411 Total borrowings Secured: Term loans (a) 60,421 31,595 - 8,411 Trade bills 525 1,020 - - Bank overdraft 21(d) 272 384 - - 61,218 32,999 - 8,411 (a) Term loans of the Group with a total carrying amount of RM5,632,000 (2019: RM7,600,000) are secured by way of: (i) a charge over the leasehold land under development as disclosed in Note 19(d) to the financial statements; and (ii) deposits maintained in a designated Debt Service Reserve Account with a licensed bank as disclosed in Note 21(a) to the financial statements. The term loans of the Group with a total carrying amount of RM53,215,000 (2019: RM13,591,000), 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 RM15,824,000 (2019: RM16,225,000) as disclosed in Note 8 to the financial statements and the Group’s long-term leasehold land with a total carrying amount of RM15,085,000 (2019: RM5,114,000) as disclosed in Note 9(a) to the financial statements. The term loans of the Group with a total carrying amount of RM1,574,000 (2019: RM1,993,000) are secured by a pledge over the Group’s deposits placed with financial institutions of RM1,527,000 (2019: RM1,519,000) as disclosed in Note 21(b) to the financial statements. In the previous financial year, term loan of the Group and the Company with a total carrying amount of RM8,411,000 is secured over 285,600,000 of shares of Furniweb Holdings Limited with the carrying amount of RM213,199,000. The term loans, trade bills and bank overdraft granted to the subsidiaries are guaranteed by the Company amounted to RM21,822,000 (2019: RM27,641,000) as disclosed in Note 30 to the financial statements. PRG HOLDINGS BERHAD 152 Notes to the Financial Statements 31 December 2020 cont’d