ANNUAL REPORT 2025 195 NOTES TO THE FINANCIAL STATEMENTS 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 24. Loans and borrowings (cont'd) Sukuk Murabahah Movement in loans and borrowings were as follows: 2025 2024 2025 2024 RM RM RM RM At 1 January 671,536,032 413,373,990 115,310,000 87,860,000 Drawdown: - hire purchase payables 33,053,371 41,865,185 - - - loans and borrowings 1,548,739,091 1,007,645,864 88,210,000 60,310,000 Repayments: - hire purchase payables (25,007,954) (15,079,587) - - - loans and borrowings (1,529,296,670) (804,509,866) (127,860,000) (32,860,000) Refinancing: - hire purchase payables 1,568,000 - - - Unrealised foreign exchange (gain)/loss (275,390) 777,857 - - Net changes in bank overdrafts (1,327,396) 6,062,589 - - Disposal of a subsidiary (Note 15) - (24,699,641) - - Acquisition of subsidiaries (Note 15) 78,313,684 46,099,641 - - At 31 December 777,302,768 671,536,032 75,660,000 115,310,000 Company The Company has established an Islamic Commercial Papers ("ICP") and Islamic Medium Term Note ("IMTN") programme with a combined limit of RM800 million in nominal value based on the Shariah principle of Murabahah (via Tawarruq Arrangement) (collectively, the ICP and the IMTN shall be referred to as "Sukuk Murabahah"). The tenure of the ICP Programme is 7 years commencing from 22 December 2021, while the tenure of the IMTN Programme is perpetual. Group Sukuk Murabahah bears interest ranging from 4.87% to 5.25% (2024: 4.87% to 5.25%) per annum. - 75 -
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