179 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD 16. BORROWINGS Group 2024 2023 RM’000 RM’000 Secured:- Non-current liabilities Term loans 14,884 17,518 Current liabilities Bankers’ acceptance 16,418 16,935 Bank overdraft 6,329 11,027 Term loans 2,683 2,796 Supplier finance arrangements (Note 34) 4,494 6,916 Revolving loan - 3,479 29,924 41,153 44,808 58,671 The remaining maturities of the loans and borrowings as at 31 December are as follows:- Group 2024 2023 RM’000 RM’000 On demand or within one year 29,924 41,153 More than 1 year and less than 2 years 2,486 2,727 More than 2 years and less than 5 years 7,921 7,808 5 years or more 4,477 6,983 14,884 17,518 44,808 58,671 The term loans are repayable by monthly instalments ranging from 60 to 180 months (2023: 60 to 180 months), with amounts ranging from RM30,000 to RM126,000 (2023: RM12,000 to RM126,000). Bank borrowings of the Group are secured by:- (a) Registered open all monies 1st party charge over the Group’s freehold land and buildings; (b) Corporate guarantee by the Company; and (c) Fixed deposits of the Group as disclosed in Note 13 to the financial statements.
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