Serba Dinamik Annual Report 2019

279 18. LOANS AND BORROWINGS Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Non-current Term loans (Islamic) - secured 148,993 309,835 - - Term loans (Islamic) - unsecured 778,825 - 778,825 - Term loans - secured 339 1,336 - - Finance lease liabilities - secured - 7,344 - - Sukuk (Islamic) - unsecured 2,010,467 788,990 - 788,990 2,938,624 1,107,505 778,825 788,990 ------------ ------------ ----------- ------------ Current Bank overdrafts (Islamic) - secured 2,554 3,281 - - Bank overdrafts - secured 3,443 11,357 - - Bankers’ acceptances - secured 283 269 - - Term loans (Islamic) - secured 17,010 4,816 - - Term loans (Islamic) - unsecured 90,000 - 90,000 - Term loans - secured 402 187 - - Revolving credits (Islamic) - secured 274,549 568,512 - - Revolving credits - secured 12,662 1,585 - - Finance lease liabilities - secured - 3,944 - - Sukuk (Islamic) - unsecured - 10,000 - 10,000 400,903 603,951 90,000 10,000 ------------ ------------ ----------- ------------ Total 3,339,527 1,711,456 868,825 798,990 ========== ========== ========= ========== 18.1 Sukuk (Islamic) – unsecured In previous year, the Group and the Company has issued and finalised a Sukuk Wakalah programme, and raised approximately RM810 million for the purpose of general working capital and refinancing of existing debts with tenure of 5 and 10 years, payable semi-annually, and with maturity on year 2023 and 2028 respectively. The Company has made an early settlement of this RM810 million sukuk loan during the year. During the year, theGroup via SD International Sukuk Limited, awholly owned indirect subsidiary of the Company, has issued and finalised a Sukuk Wakalah programme, and raised approximately USD300 million for the purpose of general working capital and refinancing of existing debts with tenure of 3 years, payable semi-annually at annual profit rate of 6.30%, and with maturity on year 2022. N O T E S T O T H E F I N A N C I A L S TAT E M E N T S