ENRA Group Berhad Annual Report 2020

ENRA Group Berhad - Annual Report 2020 115 NOTES TO THE FINANCIAL STATEMENTS 31 March 2020 25. TERM LOANS Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Term loan I 10,091 9,778 - - Term loan II 5,000 - 5,000 - Term loan III 2,504 - - - Term loan IV 2,711 - - - Term loan V 43,008 - - - 63,314 9,778 5,000 - Repayable as follows: Current liabilities: - not later than one (1) year 30,296 9,778 5,000 - Non-current liabilities: - later than one (1) year and not later than five (5) years 33,018 - - - 63,314 9,778 5,000 - a. Term loan I is extended from its twelve (12) months term expired on 23 March 2020 and will be repayable by a full amount of GBP1.82 million before financial year ending 31 March 2021. b. Term loan II is a short-term loan attract interest of 15% per annum that was fully settled subsequent to year end. c. Term loan III, IV and V are related to assets acquisition by subsidiaries and were secured by the following: i. corporate guarantees from the Company as disclosed in Note 37 to the financial statements; ii. fresh negative pledge; iii. pledge of fixed deposits as disclosed in Note 16(c) to the financial statements; iv. pledge of insurance rights in respect of the acquired assets and; v. pledged against the respective acquired assets as disclosed in Note 4(c) to the financial statements. d. Information on financial risks of term loans and the remaining maturities is disclosed in Note 41 to the financial statements.