188 Annual Report 2022 Notes to the Financial Statements For the Financial Year Ended 30 September 2022 LOANS AND BORROWINGS 33. 2022 RM The Company 2021 RM 2021 RM 2022 RM The Group Term loans Secured: Non-current RM 35,916,585 - - 16,953,211 Unsecured: United States Dollar 13,917,287 - - 2,317,544 Revolving credits Secured: RM 117,194,000 - - 82,444,000 Hire-purchase liabilities RM 499,408 - - 1,242,227 United States Dollar 8,352,013 - - - 175,879,293 - - 102,956,982 The Group’s lease comprise land leased from PAK for a period of 60 years (2021: 60 years) for future construction of a retail mall. The related right-of-use asset is disclosed in Note 11. The incremental borrowing rate of the Group applied to the lease liability is 5.01% (2021: 4.51%). LEASE LIABILITY 32. 2022 RM 2021 RM The Group 19,085,882 19,384,155 18,593,107 18,902,167 492,775 481,988 19,085,882 19,384,155 Non-current Current At end of year Minimum lease payment: 562,500 575,000 2,300,000 2,371,875 67,225,002 66,578,127 Not later than 1 year Later than 1 year but not later than 5 years Later than 5 years Present value of lease liability: 492,775 481,988 1,806,707 1,779,244 16,786,400 17,122,923 Not later than 1 year Later than 1 year but not later than 5 years Later than 5 years 70,087,502 69,525,002 (51,001,620) (50,140,847) Less: Unexpired finance charges 19,085,882 19,384,155
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