NOTES TO THE FINANCIAL STATEMENTS
For The Financial Period From 1 January 2014 To 31 March 2015 (Cont’d)
93
Datasonic Group Berhad
(Company No. 809759-X)
22. TERM LOANS (CONT’D)
Note:-
Term loan 2 is a project financing loan with a tenure of up to 60 months from the first day of the
following month from the date of first disbursement and is repayable by 55% (31.12.2013 - 55%) of
each contract proceeds received from the project until full settlement.
Term loan 1 is secured by:-
(a) a legal charge over 1 unit of property of the Group; and
(b) a corporate guarantee of the Company.
Term loan 2 is secured by:-
(a) proceeds from the project as disclosed in the Note above; 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 certain properties of the Group.
(b) a corporate guarantee of the Company.
23. TERM FINANCING
Group/Company
31.3.2015 31.12.2013
RM’000
RM’000
Non-current (Note 21):
- later than one year and not later than two years
2,904
–
- later than two years and not later than five years
4,158
–
- later than five years
6,000
–
13,062
–
Current (Note 28):
- not later than one year
2,752
–
15,814
–
Details of the repayment terms are as follows:-
Term
Financing
Number
Of Monthly
Instalments
Monthly
Instalment
Amount
RM’000
Date Of
Commencement
Of Repayment
Interest
Rate Per
Annum
Group/Company
Amount Outstanding
31.3.2015
RM’000
31.12.2013
RM’000
1
36
160
1 July 2014
5.85% 4,193
–
2
120
126
1 July 2014
4.45% 11,621
–
15,814
–
Term Financing 1 and 2 are secured by a legal charge over a property of the Company.
