235 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʧ (cont’d) 26. LOANS AND BORROWINGS (CONT’D) The repayment term of loans and borrowings are as follows: (i) Term loans are repayable by 60 to 120 (2023: 60 to 120) months. (ii) Revolving credits are repayable not more than 180 (2023: 180) days. (iii) Block discounting are repayable by 33 to 60 (2023: 33 to 60) months. (iv) Sukuk wakalah are repayable within 5 (2023: 5) years. (v) Margin financing are repayable on demand. 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. (d) Margin financing (i) Corporate guarantee by the Company; (ii) Pledged of other investments as disclosed in Note 11 to the financial statements. The average effective interest rates per annum are as follows: Group Company 2024 2023 2024 2023 % % % % Term loans 3.74 - 15.00 3.74 - 15.00 4.34 - 7.70 3.74 - 7.70 Revolving credits 2.39 - 7.03 2.39 - 7.03 4.59 - 5.63 2.39 - 5.63 Block discounting 2.02 - 3.69 2.02 - 3.69 - - Sukuk wakalah 5.40 - 5.85 5.40 - 5.85 5.40 - 5.85 5.40 - 5.85 Margin financing 4.70 - - -
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