20. OTHER FINANCIAL ASSETS AND FINANCIAL LIABILITIES (CONT'D.) (c) Interest-bearing loans and borrowings (cont'd.) The secured term loans and revolving credits are secured by mortgages over certain ships, together with charter agreements and insurance of the relevant assets as well as retention accounts. The carrying values of the ships pledged and retention accounts restricted for use are stated in Note 14(a) and Note 24 respectively. The range of interest rates as at the reporting date of the above interest-bearing loans and borrowings are as follows: Group Corporation 2021 2020 2021 2020 % % % % Fixed rate Term loans 1.87-4.44 1.85-4.44 – – Loans from subsidiaries – – 1.71 3.00 Lease liabilities 2.15-6.03 3.49-6.73 3.49-5.19 3.49 Floating rate Term loans 1.01-1.71 1.24-1.74 – – Revolving credits 1.56-1.61 0.89-1.59 – 0.89-1.39 Loans from subsidiaries – – – 1.74 20. OTHER FINANCIAL ASSETS AND FINANCIAL LIABILITIES (CONT'D.) (c) Interest-bearing loans and borrowings (cont'd.) Changes in liabilities arising from financing activities: Group Revolving Lease Term Loans Credits Liabilities Total RM’000 RM’000 RM’000 RM’000 At 1 January 2021 12,455,992 635,161 349,233 13,440,386 Drawdown/additions 5,099,178 1,036,415 89,426 6,225,019 Repayment (1,541,614) (1,401,338) (203,691) (3,146,643) Amortisation of upfront fees 25,663 1,347 – 27,010 Disposal of interest of a subsidiary – – (9,489) (9,489) Accretion of interest (Note 10(b)) – – 15,364 15,364 Remeasurement of modification of lease contract – – (11,820) (11,820) Termination of lease contract – – (3,246) (3,246) Currency translation differences 464,318 20,482 7,635 492,435 At 31 December 2021 16,503,537 292,067 233,412 17,029,016 Corporation Loans from Revolving Lease subsidiaries Credits Liabilities Total RM’000 RM’000 RM’000 RM’000 At 1 January 2021 852,393 342,423 29,921 1,224,737 Drawdown/additions 746,275 746,275 – 1,492,550 Repayment (979,761) (1,098,682) (15,616) (2,094,059) Remeasurement of modification of lease contract – – (863) (863) Accretion of interest (Note 10(b)) – – 1,688 1,688 Currency translation differences 29,209 9,984 (57) 39,136 At 31 December 2021 648,116 – 15,073 663,189 NOTES TO THE FINANCIAL STATEMENTS 31 December 2021 NOTES TO THE FINANCIAL STATEMENTS 31 December 2021 MISC Berhad 384 Integrated Annual Report 2021 MISC Berhad Integrated Annual Report 2021 385 FINANCIAL STATEMENTS FINANCIAL STATEMENTS
RkJQdWJsaXNoZXIy NDgzMzc=