Kimlun Corporation Berhad Annual Report 2020

200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 23. Loans and borrowings (cont'd) Movement in loans and borrowings were as follows: 2020 2019 RM RM At 1 January 406,608,807 273,153,771 Drawdown: - hire purchase payables 6,532,255 14,552,515 - loans and borrowings 575,800,217 570,507,089 Refinancing: - hire purchase payables 2,293,005 - Repayments: - hire purchase payables (25,769,898) (29,560,732) - loans and borrowings (536,986,077) (427,869,975) Net changes in bank overdrafts (21,398,102) 5,826,139 Unrealised foreign exchange loss 27,209 - At 31 December 407,107,416 406,608,807 24. Lease liabilities 2020 2019 RM RM Current Lease liabilities (Note 32(c)) 2,964,065 3,334,634 Non-current Lease liabilities (Note 32(c)) 3,087,183 3,009,002 Total lease liabilities (Note 25) 6,051,248 6,343,636 Group Group The Group has entered into non-cancellable operating lease agreements for the use of land, buildings, machinery and equipment, which are recognised as right-of-use assets as disclosed in Note 13. - 82 - 139 Kimlun Corporation Berhad Registration No. 200901023978 (867077-X) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020