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FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT
2015
22.
TERM LOANS
The Group
The Company
2015
2014
2015
2014
RM
RM
RM
RM
Principal outstanding
30,655,157
28,906,045
6,065,353
7,876,178
Less: Portion due within one year (Note 25)
(4,642,193)
(4,559,547)
(1,933,367)
(1,810,448)
Non-current portion
26,012,964
24,346,498
4,131,986
6,065,730
The non-current portion is repayable as follows:
The Group
The Company
2015
2014
2015
2014
RM
RM
RM
RM
Later than one year but not later
than five years
22,941,082
22,700,494
4,131,986
6,065,730
Later than five years
3,071,882
1,646,004
-
-
26,012,964
24,346,498
4,131,986
6,065,730
(a) The term loans are secured by
:
(i)
legal charges over certain freehold land and buildings of the Group as disclosed in Note 10 to the financial
statements;
(ii) legal charges over the long-term leasehold land and buildings of the Group as disclosed in Note 10 to the
financial statements;
(iii) corporate guarantees of the Company; and
(iv) fixed deposits as disclosed in Note 15 to the financial statements.
(b) The interest rate profile of the term loans is summarised below
:
Effective Interest Rate
The Group
2015
2014
2015
2014
%
%
RM
RM
Floating rate term loans
1.68 - 6.72
1.68 - 6.79
30,655,157
28,906,045
The Company
2015
2014
RM
RM
Floating rate term loans
6.72
6.79
6,065,353
7,876,178
NOTES TO THE FINANCIAL STATEMENTS
(cont’d)