215 ANNUAL REPORT 2025 MST GOLF GROUP BERHAD 16. BORROWINGS (CONT’D) Bank borrowings of the Group are secured by:- (a) Registered open all monies 1st party charge over the Group’s freehold land and buildings as disclosed in Note 3 to the financial statements; (b) Corporate guarantee by the Company; and (c) Fixed deposits of the Group as disclosed in Note 13 to the financial statements. The interest rates on borrowings were as follows:- Group 2025 2024 % % Term loans 4.70 – 7.10 4.95 - 7.35 Bankers’ acceptance 4.92 – 4.98 5.16 - 5.26 Bank overdraft 7.10 – 8.49 7.35 - 8.49 Supplier finance arrangements 4.50 – 5.92 4.36 - 5.92 17. EMPLOYEE BENEFITS Retirement benefits plan Group 2025 2024 RM’000 RM’000 Total present value of unfunded obligations, representing liability for defined benefit obligations 132 63 Total employee benefits 132 63 Analysed as:- - Non-current 132 63
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