My EG Services Berhad Annual Report 2020

ANNUAL REPORT 2020 193 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2020 (CONT’D) 27. LONG-TERM BORROWINGS The Group The Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Term loans (Note 28) 109,985 120,009 109,985 120,009 Block discounting (Note 29) 10,855 12,565 - - 120,840 132,574 109,985 120,009 28. TERM LOANS (SECURED) The Group The Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Current liabilities (Note 34) 18,025 17,740 18,025 17,740 Non-current liabilities (Note 27) 109,985 120,009 109,985 120,009 128,010 137,749 128,010 137,749 Details of the term loans are as follows:- Number of Monthly Instalments Monthly Instalment RM’000 Date of Commencement of Repayment Term loan 1 108 509 October 2016 Term loan 2 108 503 October 2016 Term loan 3 120 373 July 2017 Term loan 4 120 320 July 2019 Term loan 5 60 402 December 2019 The term loans bore effective interest rates ranging from 3.34% to 6.45% (2019 - 4.64% to 7.70%) per annum at the end of the reporting period and are secured by:- (i) a placement of certain Deposits of the Company; and (ii) specific charges over the buildings and investment properties of the Group and of the Company. 29. BLOCK DISCOUNTING The Group 2020 2019 RM’000 RM’000 Current liabilities (Note 34) 5,553 4,587 Non-current liabilities (Note 27) 10,855 12,565 16,408 17,152