NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2023 (cont’d) 26. LOANS AND BORROWINGS (CONT’D) Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Non-current Term loans 114,847 127,850 99,696 127,850 Block discounting 14,477 15,941 - - Sukuk wakalah 575,000 150,000 575,000 150,000 704,324 293,791 674,696 277,850 Current Term loans 15,391 20,650 15,391 20,650 Revolving credits 119,400 121,700 95,000 100,000 Block discounting 7,543 6,917 - - 142,334 149,267 110,391 120,650 846,658 443,058 785,087 398,500 The repayment term of loans and borrowings are as follows: (i) Term loans are repayable by 60 to 120 (2022: 60 to 120) months. (ii) Revolving credits are repayable not more than 180 (2022: 180) days. (iii) Block discounting are repayable by 33 to 60 (2022: 57 to 60) months. (iv) Sukuk wakalah are repayable within 5 (2022: 5) years. The loans and borrowings are secured by the following: (a) Term loans (i) A placement of certain fixed deposits of the Group and of the Company as disclosed in Note 20 to the financial statements; (ii) Specific charges over the buildings and investment properties of the Group and of the Company as disclosed in Notes 3 and 4 to the financial statements respectively; and (iii) First party legal charge over the ROU assets of the Group as disclosed in Note 5 to the financial statements. (b) Revolving credits (i) Facility agreement between a subsidiary of the Company and the bank, as principal instrument; (ii) Corporate guarantee of the Company and certain subsidiaries; and (iii) A specific charge over the building of the Company as disclosed in Notes 3 and 4 to the financial statements respectively. (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 20 to the financial statements; and (iv) Corporate guarantee by the Company. ANNUAL REPORT 2023 227 (ii) Revolving credits are repayable not more than 180 (2022: 180) days. (iii) Block discounting are repayable by 33 to 60 (2022: 57 to 60) months. (a) Term loans (ii) Specific charges over the buildings and investment properties of the Group and of the Company as (iii) First party legal charge over the ROU assets of the Group as disclosed in Note 5 to the financial FINANCIAL STATEMENTS
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