NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 (CONT’D) 23. LEASE LIABILITIES THE GROUP 2024 2023 RM’000 RM’000 At 1 April 2,966 3,064 Additions (Note 9) 2,256 – Interest expense recognised in profit or loss (Note 33) 195 143 Changes due to lease modification (Note 9) 1,217 973 Derecognition due to lease modification (339) (107) Repayment of principal (1,104) (964) Repayment of interest expense (195) (143) Effect of movement in exchange rate 40 – At 31 March 5,036 2,966 Analysed by:- Current liabilities 1,619 784 Non-current liabilities 3,417 2,182 5,036 2,966 24. TERM LOANS (SECURED) THE GROUP 2024 2023 RM’000 RM’000 Current liabilities (Note 29) 26,585 45,097 Non-current liabilities (Note 21) 85,069 77,623 111,654 122,720 (a) The term loans are repayable over 42 to 84 (2023 – 42 to 72) monthly instalments from the date of drawdown and 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 term loans is summarised below:- THE GROUP EFFECTIVE INTEREST RATE 2024 2023 % % Floating rate term loans 5.31 – 6.83 4.80 – 6.45 FINANCIAL STATEMENTS 185 INTEGRATED ANNUAL REPORT 2024
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