ENRA Group Berhad Annual Report 2021

FINANCIAL STATEMENTS & OTHERS Annual Report 2021 | ENRA Group Berhad 151 NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2021 24. TERM LOANS Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Term loan I 10,848 10,091 – – Term loan II – 5,000 – 5,000 Term loan III 6,534 2,504 – – Term loan IV 2,978 2,711 – – Term loan V 29,718 43,008 – – 50,078 63,314 – 5,000 Repayable as follows: Current liabilities: - not later than one (1) year 41,685 30,296 – 5,000 Non-current liabilities: - later than one (1) year and not later than five (5) years 8,393 33,018 – – 50,078 63,314 – 5,000 (a) Term loan I is extended from its twelve (12) months term expired on 23 March 2021 and will be repayable by a full amount of GBP1.82 million before financial year ending 31 March 2022. (b) Term loan II is a short-term loan attract interest of 15% per annum that was fully settled during the financial year. (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 36 to the financial statements; (ii) fresh negative pledge over the assets of a subsidiary; (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 40 to the financial statements.