NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 24. TERM LOANS (SECURED) (CONT’D) (b) The interest rate profile of the term loans is summarised below:- THE GROUP EFFECTIVE INTEREST RATE 2023 % 2022 % Floating rate term loans 4.80 – 6.45 2.75 – 5.25 25. REVOLVING CREDITS THE GROUP 2023 RM’000 2022 RM’000 Current liabilities (Note 29) 20,015 10,000 Non-current liabilities (Note 21) - 10,015 20,015 20,015 (a) The revolving credits are secured in the same manner as the bank overdrafts as disclosed in Note 28 to the financial statements. (b) The interest rate profile of the revolving credits is summarised below:- THE GROUP EFFECTIVE INTEREST RATE 2023 % 2022 % Floating rate revolving credits 5.30 – 5.50 4.13 – 4.19 INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 199
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