ENRA Group Berhad Annual Report 2018

97 A N N U A L R E P O R T 2 0 1 8 NOTES TO THE FINANCIAL STATEMENTS 31 March 2018 cont’d 23. BORROWINGS (Cont’d) The currency exposure profile of borrowings are as follows: Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Ringgit Malaysia 51,026 41,794 49,223 38,580 US Dollar 6,199 - - - British Pound 5,745 16,810 - - Euro 12,892 4,598 - - 75,862 63,202 49,223 38,580 24. BANK OVERDRAFTS The bank overdrafts of the Group and of the Company are secured by the following: (a) Loan Agreement cum Deed of Assignment of RM70,000,000 over assets held for sale of the Group and the Company with a carrying amount of RM79,996,000 (2017: RM79,996,000) and RM79,855,000 (2017: RM79,855,000) respectively and a first party first legal charge; (b) specific debenture of RM70,000,000 by way of a fixed and floating charge over the assets held for sale of the Group and of the Company with a carrying amount of RM79,996,000 (2017: RM79,996,000) and RM79,855,000 (2017: RM79,855,000) respectively, all the borrower’s rights, interests and benefits in and under the property including all sales proceeds, rental income, other revenue, claims and any undertaking relating to the property; and (c) first party pledge of fixed deposits equivalent to one (1) to twelve (12) months’ interest servicing on the facility (Note 15). Information on financial risks of bank overdrafts is disclosed in Note 42 to the financial statements.