MKH BERHAD | ANNUAL REPORT 2023 239 33. LOANS AND BORROWINGS (CONT’D) Secured revolving credit X of RMNil (2022: RMNil) is part of the total revolving credits of RM23,599,520 is repayable on demand. The revolving credit is secured and supported as follows: (a) legal charge over the oil palm plantation land of a subsidiary in Indonesia; (b) pledged of shares of a subsidiary; and (c) corporate guarantee of MKH Oil Palm (East Kalimantan) Berhad, a wholly owned subsidiary of the Company. Secured bank overdrafts of RM9,408,688 (2022: RMNil) is repayable on demand and is secured as follows: (a) third party first legal charge over the leasehold land and building of a subsidiary; and (b) corporate guarantee of the Company. Unsecured term loan of RM2,359,952 (2022: RM2,317,544) is repayable on demand and is supported by corporate guarantee of MKH Oil Palm (East Kalimantan) Berhad, a wholly owned subsidiary of the Company. Unsecured revolving credit of RM22,000,000 (2022: RM18,000,000) of the Group is repayable on demand and is supported by corporate guarantee of the Company. Unsecured revolving credits of RM125,100,000 (2022: RM150,200,000) of the Group and the Company is repayable on demand. 34. DIVIDENDS Net dividend per share Total amount Date of payment Sen RM 2023 Interim single tier dividend of 4.0 sen per ordinary share in respect of the financial year ended 30 September 2022 4.0 23,096,635 6 January 2023 2022 Interim single tier dividend of 3.5 sen per ordinary share in respect of the financial year ended 30 September 2021 3.5 20,209,552 7 January 2022 A first interim single tier dividend of 4.0 sen per ordinary share in respect of the financial year ended 30 September 2023 amounting to RM23,096,635 was declared on 29 November 2023 and to be paid on 10 January 2024. The financial statements for the current financial year do not reflect the dividend. Such dividend will be accounted in equity as an appropriation of retained earnings in the financial year ending 30 September 2024. The directors do not recommend any final dividend payment in respect of the financial year ended 30 September 2023. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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