My EG Services Berhad Annual Report 2020

MY E.G. SERVICES BERHAD Regisration No. 200001003034 (505639-K) 196 NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2020 (CONT’D) 34. SHORT-TERM BORROWINGS The Group The Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Term loans (Note 28) 18,025 17,740 18,025 17,740 Revolving credits 21,100 21,100 20,000 20,000 Block discounting (Note 29) 5,553 4,587 - - 44,678 43,427 38,025 37,740 The revolving credits of the Group and of the Company at the end of the reporting period bore contractual interest rates ranging from 3.66% to 5.36% (2019 - 5.49% to 5.72%) and 5.36% (2019 -5.49%) per annum respectively and are secured by:- (a) Facility Agreement between a subsidiary of the Company and bank, as principal instrument; (b) Corporate guarantee of the Company and certain subsidiaries; and (c) A specific charge over the building of the Company. 35. REVENUE The Group The Company 1.1.2020 to 31.12.2020 1.10.2018 to 31.12.2019 1.1.2020 to 31.12.2020 1.10.2018 to 31.12.2019 RM’000 RM’000 RM’000 RM’000 Revenue from Contracts with Customers Concession Based Services 70,043 102,231 6,360 7,737 Commercial Based Services and Products: - sale of goods 131,822 182,376 - - - services rendered 277,204 271,787 745 1,200 - concession related services 25,747 13,150 1,630 1,892 Interest income derived from financing receivables 19,238 17,119 - - Profit income derived from ijarah financing receivable 483 - - - 524,537 586,663 8,735 10,829 Revenue from Other Sources Rental income 5,926 6,840 - - Dividend income - 75 300,000 300,000 530,463 593,578 308,735 310,829