171 ENRA GROUP BERHAD ANNUAL REPORT 2025 Notes To The Financial Statements (Cont’d) 31 March 2025 Registration No: 75 199201005296 (236800 - T) 19. TERM LOAN (a) Term loan is related to refinancing of the Group’s certain marine equipment. (b) Term loan is secured by charge of subsidiary’s certain marine equipment as disclosed in Note 4(d) to the financial statements. (c) Information on financial risks of term loans and the remaining maturities is disclosed in Note 31 to the financial statements 20. OTHER BORROWINGS Group Company 2025 2024 2025 2024 Note RM’000 RM’000 RM’000 RM’000 Revolving credits 5,000 5,000 5,000 5,000 Financial guarantee contracts (b) - - 515 694 Bridging Loan - 722 - - Mezzanine loans: - Director 25,751 14,251 25,751 14,251 Total other borrowings 30,751 19,973 31,266 19,945 (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; (ii) Bridging loan is secured by corporate guarantees from the Company and pledge of surplus monies in the Housing Development Account (HDA) as disclosed in Note 12(d) to the financial statements; and (iii) Revolving credits are secured by pledge of fixed deposits as disclosed in Note 12(c) to the financial statements and pledge of inventory as disclosed in Note 8(e) to the (b) Financial guarantee contracts issued are initially measured at fair value. Subsequently, they are measured at higher of: (i) the amount of the loss allowance; and (ii) the amount initially recognised less, when appropriate, the cumulative amount of income recognised in accordance to the principles of MFRS 15, Revenue from Contracts with Customers. (c) Information on financial risks of other borrowings and their remaining maturities is disclosed in Note 31 to the financial statements.
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