Annual Report 2023 165 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 24. TERM LOANS (SECURED) (CONT’D) Term loan 1 is secured by:- (a) a legal charge over certain properties of the Group; and (b) a corporate guarantee of the Company. Term loan 2 is secured by:- (a) a legal charge over certain properties of the Group; and (b) a corporate guarantee of the Company. Term loan 3 is secured by:- (a) a legal charge over certain properties of the Group; and (b) a corporate guarantee of the Company. Term loan 4 is secured by:- (a) a legal charge over a property of the Group; and (b) a corporate guarantee of the Company. 25. TERM FINANCING (SECURED) Group/Company 2023 2022 RM’000 RM’000 Current liabilities (Note 30) 1,447 1,398 Non-current liabilities (Note 23) 496 1,939 1,943 3,337 Details of the repayment terms are as follows:- Term Financing Number Of Monthly Instalments Monthly Instalment Amount Date Of Commencement Of Repayment Effective Interest Rate Group/Company Amount Outstanding 2023 2022 RM’000 RM’000 RM’000 1 120 126 1 July 2014 4.20% (2022 - 3.20%) 1,943 3,337 Term financing 1 is secured by a legal charge over a property of the Group and of the Company and is with floating rate of 4.20% (2022 - 3.20%) per annum.
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