ENRA Group Berhad | Annual Report 2022 140 NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2022 22. TERM LOANS (CONT’D) (a) Term loan I is extended from its twelve (12) months term expired on 23 March 2021 and was fully settled during the financial year. (b) 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 33 to the financial statements; (ii) fresh negative pledge over the assets of a subsidiary; (iii) pledge of fixed deposits as disclosed in Note 14(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(d) to the financial statements. During the financial year, the Group derecognised the outstanding balances of Term loan III and IV as part of the disposal of ENRA Kimia Group as disclosed in Note 6(c) to the financial statements. (c) Information on financial risks of term loans and the remaining maturities is disclosed in Note 37 to the financial statements. 23. OTHER BORROWINGS (a) The other borrowings of the Group relates to trade and working capital credit facilities that are secured by: (i) fresh negative pledge over the assets of a subsidiary; (ii) pledge of fixed deposits as disclosed in Note 14(c) to the financial statements; and (iii) pledge of inventory as disclosed in Note 10(f) to the financial statements. Other borrowings of the Company were fully settled during the financial year. (b) Information on financial risks of other borrowings and their remaining maturities is disclosed in Note 37 to the financial statements.
RkJQdWJsaXNoZXIy NDgzMzc=