NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 28. BANK OVERDRAFTS THE GROUP THE COMPANY 2023 % 2022 % 2023 % 2022 % Bank overdrafts 5.95 – 8.10 4.95 – 6.20 8.10 - The bank overdrafts are secured by the following:- (i) Facilities agreements; (ii) Legal charge over certain development properties and properties of certain subsidiary companies; (iii) Pledge of fixed deposits of the Company and of certain subsidiary companies; (iv) Corporate guarantee on principal sums plus interest thereon by the Company; (v) The Government of Malaysia/Syarikat Jaminan Pembiayaan Perniagaan Berhad under Working Capital Guarantee Scheme; and (vi) A specific debenture over certain charged properties of subsidiaries companies. 29. SHORT-TERM BORROWINGS THE GROUP THE COMPANY 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Sukuk Wakalah (Note 22) 80,000 90,000 80,000 90,000 Term loans (Note 24) 45,097 68,274 - - Revolving credits (Note 25) 20,015 10,000 - - 145,112 168,274 80,000 90,000 INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 201
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