141 FINANCIAL STATEMENTS & OTHERS ENRA GROUP BERHAD ANNUAL REPORT 2023 Notes To The Financial Statements 31 March 2023 (Cont’d) 21. TERM LOANS (CONT’D) (b) In the previous financial year, term loan III, IV and V are related to assets acquisition by subsidiaries and were secured by the following: (Cont’d) (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. In the previous financial year, the Group derecognised the outstanding balances of Term loan III and IV amounted to RM9,512,000 as part of the disposal of ENRA Kimia Group as disclosed in Note 6(d) to the financial statements. (c) Information on financial risks of term loans and the remaining maturities is disclosed in Note 36 to the financial statements. 22. OTHER BORROWINGS Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Non-current Bridging loan 721 - - - Current Revolving credits 5,000 - 5,000 - Mezzanine loans: - Director 7,251 1,000 7,251 - - Related parties 1,000 370 1,000 - Total current other borrowings 13,251 1,370 13,251 - Total other borrowings 13,972 1,370 13,251 - (a) The other borrowings of the Group and of the Company relate to trade and working capital credit facilities that are secured by: (i) Mezzanine loan is secured by corporate guarantees from a subsidiary of the Company as disclosed in Note 32 to the financial statements; (ii) Bridging loan is secured by corporate guarantees from the Company to a subsidiary as disclosed in Note 32 to the financial statements and pledge of surplus monies in the Housing Development Account (HDA) as disclosed in Note 14(d) to the financial statements; and (iii) Revolving credits are secured by pledge of fixed deposits as disclosed in Note 14(c) to the financial statements and pledge of inventory as disclosed in Note 10(e) to the financial statements. (b) Information on financial risks of other borrowings and their remaining maturities is disclosed in Note 36 to the financial statements.
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