MKH Annual Report 2018

180 MKH Berhad Annual Report 2018 28. LOANS AND BORROWINGS (Cont’d) Secured revolving credit XIII of RM10,277,977 (2017: RM20,251,028) is part of the total revolving credit of RM45,000,000 and is repayable by 18 quarterly principal instalments of RM2,500,000 each commencing December 2014 and secured revolving credit XIV of RM34,718,250 (2017: RM34,718,250) is part of the total revolving credit of RM40,000,000 and is repayable on demand. All revolving credits are secured and supported as follows: (a) legal charge over the leasehold land and building of a subsidiary; (b) corporate guarantee of the Company; (c) specific debenture by way of fixed and floating charge over the leasehold land and building of a subsidiary; and (d) legal assignment of rental proceeds from the investment property of a subsidiary. Unsecured term loan of RMNil (2017: RM3,000,000), Unsecured revolving credit of RM8,300,524 (2017: RMNil) and Unsecured bank overdraft of RMNil (2017: RM508,170) of the Group are repayable on demand and are supported by corporate guarantee of the Company. Unsecured revolving credits of RM92,100,000 (2017: RM60,500,000) and Unsecured bank overdrafts of RM1,601,813 (2017: RMNil) of the Company are repayable on demand. Reconciliation of loans and borrowings arising from financing activities Acquisition of property, plant and E ect of As of equipment by movements As of 1 October Financing finance lease in exchange 30 September 2017 cash flows payment rate 2018 RM RM RM RM RM The Group Term loans 389,194,227 (117,261,766) - (8,371,420) 263,561,041 Bridging loan 6,306,911 (6,306,911) - - - Revolving credits 372,545,844 31,380,367 - (1,206,064) 402,720,147 Finance lease liabilities 1,974,114 (938,042) 650,000 - 1,686,072 770,021,096 (93,126,352) 650,000 (9,577,484) 667,967,260 The Company Revolving credits 60,500,000 31,600,000 - - 92,100,000 FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2018 NOTES TO THE FINANCIAL STATEMENTS