200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 5. Finance costs 2024 2023 2024 2023 RM RM RM RM Interest expense on: - bank loan, bank overdrafts, invoice financing and bankers' acceptance 28,050,821 19,334,819 4,929,818 4,245,727 - hire purchase arrangements 2,561,397 1,163,831 - - - advance from a subsidiary - - 1,730,888 1,330,840 - advance from corporate shareholder of a subsidiary 331,759 242,720 - - - advance from corporate shareholder of a former subsidiary 229,262 - - - - unwinding of discount on amounts due to former shareholders of subsidiaries 1,540,587 - - - - lease liabilities (Note 24) 382,297 220,096 - - 33,096,123 20,961,466 6,660,706 5,576,567 Less: Interest expenses capitalised in development properties (Note 18) (7,772,500) (5,391,056) - - 25,323,623 15,570,410 6,660,706 5,576,567 Group Company - 42 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 134
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