NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2022 (cont’d) FINANCIAL STATEMENTS 27. Loans and borrowings (CONT’D) The loans and borrowings are secured by the following: (cont’d) (c) Block discounting (i) Master agreement between the subsidiaries and the bank; (ii) Assignment of Hire Purchase/Non-Act Leasing Agreements through a power of attorney in favour of the bank; (iii) Pledged over the fixed deposits with a licensed bank of the subsidiaries as disclosed in Note 21 to the financial statements; and (iv) Corporate guarantee by the Company. The average effective interest rates per annum are as follows: Group Company 2022 2021 2022 2021 % % % % Term loans 3.34 - 7.45 2.27 - 3.65 3.34 - 7.45 2.27 - 3.65 Revolving credits 2.02 - 3.69 3.56 - 5.36 3.80 - 4.17 5.36 Block discounting 1.65 - 4.71 3.86 - 6.88 - - Sukuk wakalah 5.70 - 5.85 - 5.70 - 5.85 - 28. LEASE LIABILITIES Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Non-current 31,366 2,909 - 41 Current 8,907 2,627 24 272 40,273 5,536 24 313 The maturity analysis of lease liabilities at the end of the reporting period: Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Within 1 year 11,043 2,796 25 277 Between 2 - 5 years 34,700 3,052 - 42 45,743 5,848 25 319 Less: Future finance charge (5,470) (312) (1) (6) Present value of lease liabilities 40,273 5,536 24 313 The Group and the Company lease various properties and motor vehicles. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. 219
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