18. LOANS AND BORROWINGS (CONTINUED) 18.3 The revolving credits bore effective interest rates ranging from 4.75% to 5.00% (30.6.2021: 4.75% to 5.80%) per annum and are secured by a Clean Facility arrangement as the principal instrument. 18.4 In the previous financial period, other bank facilities represented invoice financing and import line which bore effective interest rates ranging from 4.94% to 6.31% per annum and were secured by a Deed of Assignment of contract proceeds, a marginal deposit and a corporate guarantee of the Company. 18.5 The bank overdrafts bore effective interest rates ranging from 4.10% to 7.65% (30.6.2021: 5.00% to 6.50%) per annum and are secured by: (i) pledges of deposits with licensed banks as disclosed in Note 15 to the financial statements; (ii) a standing instruction against sinking funds account; and (iii) a corporate guarantee of the Company. 18.6 Reconciliation of movements of liabilities to cash flows arising from financing activities Group At 1.7.2021 RM’000 Acquisition of subsidiaries (Note 31) RM’000 Proceeds from drawdown RM’000 Repayment of borrowing principal RM’000 Foreign currency translation RM’000 At 30.6.2022 RM’000 Term loans 52,800 145,346 14,618 (133,773) 81 79,072 Secured bonds – – 206,411 – 6,191 212,602 Revolving credits 23,000 – – – – 23,000 Other bank facilities 7,642 – – (7,642) – – 83,442 145,346 221,029 (141,415) 6,272 314,674 Group At 1.1.2020 RM’000 Proceeds from drawdown RM’000 Repayment of borrowing principal RM’000 At 30.6.2021 RM’000 Term loans 21,968 59,585 (28,753) 52,800 Revolving credits 28,000 1,000 (6,000) 23,000 Other bank facilities 5,574 9,834 (7,766) 7,642 55,542 70,419 (42,519) 83,442 267 DNeX INTEGRATED REPORT 2022
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