MKH BERHAD | ANNUAL REPORT 2023 235 33. LOANS AND BORROWINGS (CONT’D) The Company Carrying amount Within 1 year RM RM 2023 Floating rate instruments Revolving credits Unsecured: RM 125,100,000 125,100,000 2022 Floating rate instruments Revolving credits Unsecured: RM 150,200,000 150,200,000 Hire-purchase liabilities are payable as follows: The Group Future minimum hire-purchase payments Finance charges Present value of minimum hire-purchase payments RM RM RM 2023 Less than one year 807,783 (108,091) 699,692 Between one and five years 2,219,545 (151,695) 2,067,850 3,027,328 (259,786) 2,767,542 2022 Less than one year 558,471 (65,016) 493,455 Between one and five years 1,335,493 (93,266) 1,242,227 1,893,964 (158,282) 1,735,682 The hire-purchase liabilities bear effective interest at rates ranging from 2.20% to 4.59% (2022: 2.01% to 4.59%) per annum. The term loans and revolving credits bear effective interest at rates ranging from 4.40% to 5.45% (2022: 3.70% to 5.25%) per annum. The bridging loan bears effective interest at 5.02% (2022: Nil) per annum. The bank overdrafts bear effective interest at rates ranging 7.32% to 7.95% (2022: 6.82% to 7.70%) per annum. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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