My EG Services Berhad Annual Report 2019

ANNUAL REPORT 2019 163 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2019 (CONT’D) FINANCIAL STATEMENTS 31. TERM LOANS (SECURED) (CONT’D) The term loans bore effective interest rates ranging from 4.64% to 7.70% (2018 - 4.67% to 5.15%) per annum at the end of the reporting and are secured by:- (i) a placement of certain Deposits of the Company; and (ii) a specific charge over the buildings and investment properties of the Group and of the Company. 32. BLOCK DISCOUNTING The Group 31.12.2019 RM’000 Current liabilities (Note 37) 4,587 Non-current liabilities (Note 29) 12,565 17,152 Details of the block discounting loan are as follows:- Number of Monthly Instalments Monthly Instalment RM’000 Date of Commencement of Repayment Block discounting loan 1 60 32 October 2019 Block discounting loan 2 60 32 October 2019 Block discounting loan 3 60 57 October 2019 Block discounting loan 4 60 32 October 2019 Block discounting loan 5 60 14 October 2019 Block discounting loan 6 60 24 November 2019 Block discounting loan 7 59 269 November 2019 Block discounting loan 8 60 33 December 2019 The block discounting of the Group at the end of the reporting period bore fixed effective interest rates ranging from 3.86% to 6.74% (2018 - Nil) per annum and are secured by:- (a) Master agreement between a subsidiary of the Company and the bank; (b) Assignment of Hire Purchase/Non-Act Leasing Agreements through a power of attorney in favour of the bank; (c) Corporate guarantee of the Company; and (d) Placement of certain fixed deposits of a subsidiary. 33. DEFERRED TAX LIABILITIES The Group The Company 31.12.2019 30.9.2018 31.12.2019 30.9.2018 RM’000 RM’000 RM’000 RM’000 At 1 October 2018/1 July 2017 2,277 2,102 1,910 1,800 Recognised in profit or loss (Note 41) (54) 175 - 110 At 31 December 2019/30 September 2018 2,223 2,277 1,910 1,910