Kimlun Corporation Berhad Annual Report 2020

200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 22. Cash and bank balances (cont'd) 2020 2019 2020 2019 RM RM RM RM Cash and bank balances 57,474,737 64,940,265 144,098 588,331 Less: Bank overdrafts (Note 23) (2,680,028) (24,078,130) - - Less: Pledged deposits (21,750,827) (22,127,558) - - Cash and cash equivalents 33,043,882 18,734,577 144,098 588,331 23. Loans and borrowings Maturity 2020 2019 RM RM Current Secured: Bank overdrafts (Note 22) On demand 2,680,028 24,078,130 Bankers' acceptances 2021 54,070,000 57,648,874 Term loans 2021 24,793,185 16,336,735 Hire purchase payables (Note 32 (b)) 2021 22,734,994 24,302,363 Invoice financing 2021 154,700,605 114,075,606 Revolving credit 2021 15,942,901 15,942,901 274,921,713 252,384,609 Non-current Secured: Term loans 2022 - 2026 107,992,604 114,653,829 Hire purchase payables (Note 32 (b)) 2022 - 2025 24,193,099 39,570,369 132,185,703 154,224,198 Total loans and borrowings (Note 25) 407,107,416 406,608,807 Group Company Group For the purpose of the statements of cash flows, cash and cash equivalents comprise the following at the reporting date: - 80 - 137 Kimlun Corporation Berhad Registration No. 200901023978 (867077-X) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020