23. RESERVES (continued) (a) Exchange translation reserve The exchange translation reserve is used to record foreign currency exchange differences arising from the translation of the financial statements of foreign operations whose functional currencies are different from that of the Group’s presentation currency. It is also used to record the exchange differences arising from monetary items, which form part of the Group’s net investment in foreign operations, where the monetary item is denominated in either the functional currency of the reporting entity or the foreign operation. (b) Fair value reserve The fair value reserve arose from gain or loss of equity instrument measured at fair value through other comprehensive income. 24. BORROWINGS Group 2021 2020 Note RM’000 RM’000 Current liabilities Secured: Term loans 6,994 2,558 Trade bills 1,874 525 Bank overdraft 433 272 9,301 3,355 Non-current liabilities Secured: Term loans 48,067 57,863 57,368 61,218 Total borrowings Secured: Term loans (a) 55,061 60,421 Trade bills 1,874 525 Bank overdraft 20(d) 433 272 57,368 61,218 NOTES TO THE FINANCIAL STATEMENTS P R G H O L D I N G S B E R H A D A N N U A L R E P O R T 2 0 2 1 154 31 December 2021 (cont’d)
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