200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 23. Loans and borrowings (cont'd) The remaining maturities of the loans and borrowings as at 31 December are as follows: 2024 2023 2024 2023 RM RM RM RM On demand or within one year 423,238,346 217,432,981 85,310,000 32,860,000 More than 1 year and less than 2 years 87,474,030 82,609,271 30,000,000 55,000,000 More than 2 years and less than 5 years 137,433,348 92,526,652 - - 5 years and more 23,390,308 20,805,086 - - 671,536,032 413,373,990 115,310,000 87,860,000 Hire purchase payables (Note 32(b)) Bankers' acceptances, term loans, invoice financing and revolving credit The interest rates (per annum) at the reporting date were as follows: 2024 2023 % % Bank overdrafts 5.80 to 6.01 - Bankers' acceptances 4.28 to 5.02 3.33 to 4.98 Term loans 5.68 to 6.84 5.68 to 6.57 Invoice financing 4.09 to 7.45 4.32 to 5.26 Revolving credit 5.07 to 6.36 5.07 to 6.24 (a) (b) Short term deposits as disclosed in Note 21; and (c) Corporate guarantee by the Company. Company These obligations are secured by a pledge over the leased assets as disclosed in Note 11. The discount rate implicit in the leases is between 1.88% to 3.61% (2023: 1.88% to 4.06%) per annum. Group Group The bank overdrafts, bankers' acceptances, term loans, invoice financing and revolving credit together with bank guarantee facilities are secured by: First party first legal charge over certain land held for development, development properties and inventories as disclosed in Note 18 and Note 19; - 71 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 163 ANNUAL REPORT 2024
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