DESTINI Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS 27. Bank Borrowings (Cont’d) Trust receipts Trust receipts are secured by the following: (c) Fixed deposit pledged to licensed banks; (d) Jointly and severally guarantee by certain Directors; and (e) Corporate guarantee by the Company. Range of interest rates during the current and prior financial year is as follows: Maturity of bank borrowing is as follows: Group Company 2019 2018 2019 2018 % % % % Bank overdrafts 5.10 - 8.25 5.10 - 8.25 - - Trust receipts 8.70 - 9.15 8.70 - 9.15 - - Term loans 5.00 - 12.90 6.90 - 12.9 6.95 6.95 Group Company 2019 2018 2019 2018 RM RM RM RM Within one year 104,575,429 20,490,158 15,984,411 4,092,848 Between one to two years 10,173,259 61,699,962 8,562,088 26,801,150 Between two to five years - 53,911,474 - 7,376,674 More than five years - - - - 114,748,688 136,101,594 24,546,499 38,270,672 Group Company 2019 2018 2019 2018 RM RM RM RM At 1 January 5,479,741 4,044,795 25,093 52,552 Recognised in profit or loss (Note 35) (2,651,996) 1,434,946 (25,093) (27,459) At 31 December 2,827,745 5,479,741 - 25,093 The net deferred tax liabilities and assets shown on the statements of financial position after appropriate offsetting are as follows: Group Company 2019 2018 2019 2018 RM RM RM RM Deferred tax liabilities 3,693,552 6,152,889 - 25,093 Deferred tax assets (865,807) (673,148) - - 2,827,745 5,479,741 - 25,093 28. Deferred Tax Liabilities FINANCIAL STATEMENTS 06 ANNUAL REPORT 2019 167