106
FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT 2014
NOTES TO THE
FINANCIAL STATEMENTS
(cont’d)
23. TERM LOANS
The Group
The Company
2014
2013
2014
2013
RM
RM
RM
RM
Principal outstanding
28,906,045 29,356,849
7,876,178
–
Less: Portion due within one year
(Note 26)
(4,559,547)
(5,227,560)
(1,810,448)
–
Non-current portion
24,346,498 24,129,289
6,065,730
–
The non-current portion is repayable as follows:
The Group
The Company
2014
2013
2014
2013
RM
RM
RM
RM
Later than one year but not later
than five years
22,700,494 17,394,306
6,065,730
–
Later than five years
1,646,004
6,734,983
–
–
24,346,498 24,129,289
6,065,730
–
As of 31 December 2014, the Company and the Group have the following term loan facility:
(a)
During the year, one (2013: NIL) term loan facility totalling RM8,000,000 (2013: NIL) obtained by the
Company which bear interest at 6.79% (2013: NIL) per annum and repayable in equal monthly instalments
over 48 months (2013: NIL);
(b)
One (2013: Two) term loan facility totalling RM4,909,627 (2013: RM6,190,240), obtained by a locally
incorporated subsidiary, which bear interest at 5.89% (2013: 4.97%) per annum and are repayable in
equal monthly instalments over 56 months (2013: 6 to 68 months). One of the term loan was fully repaid
during the financial year;
(c)
One (2013: Two) term loan facility totalling RM8,081,561 (2013: RM10,611,176), obtained by a subsidiary
incorporated in Singapore, which bear interest rates ranging from 1.71% to 2.19% (2013: 1.71% to
2.18%) per annum and repayable in equal monthly instalments over 66 months (2013: 7 to 78 months).
One of the term loan facility was fully repaid during the year;
(d)
One (2013: One) term loan facility totalling RM290,939 (2013: RM596,689) obtained by another subsidiary
incorporated in Singapore, bears interest of 3.75% (2013: 3.75%) per annum and is repayable in equal
monthly instalments over 11 months (2013: 23 months); and
(e)
One (2013: Two) term loan facilities totalling RM7,747,740 (2013: RM11,958,744), obtained by a subsidiary
incorporated in Taiwan, which bear interest at rates ranging from 1.68% (2013: 1.68% to 1.82%) per
annum and are repayable in 17 quarterly (2013: 3 to 17 quarterly) instalments. One of the term loan
was fully repaid during the financial year.
