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GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
19. BORROWINGS
Group
Company
2015
2014
2015
2014
Note
RM
RM
RM
RM
Non-current liabilities
Term loans
20
8,245,827 6,685,325
-
-
Hire purchase creditors
21
3,258,948 4,630,590
102,369
214,901
Islamic facility
22
6,500,000
-
-
-
18,004,775 11,315,915
102,369
214,901
Current liabilities
Term loans
20
9,357,765 6,398,203 4,293,500
-
Hire purchase creditors
21
2,150,263 1,751,678
112,532
107,614
Bankers’ acceptance
22 15,000,000 15,000,000
-
-
Islamic facility
22
2,000,000 6,000,000
-
-
28,508,028 29,149,881 4,406,032
107,614
Total borrowings
Term loans
20 17,603,592 13,083,528 4,293,500
-
Hire purchase creditors
21
5,409,211 6,382,268
214,901
322,515
Bankers’ acceptance
22 15,000,000 15,000,000
-
-
Islamic facility
22
8,500,000 6,000,000
-
-
46,512,803 40,465,796 4,508,401
322,515
20. TERM LOANS
(a) The term loans of the Group and of the Company are secured by the following:
(i) fixed charge over the long term leasehold land and buildings of the Group and of the Company
as disclosed in Note 7 to the financial statements;
(ii) pledge of deposits with licensed banks of the Group as disclosed in Note 16 to the financial
statements; and
In addition, the term loans are guaranteed by the Company.