KUB Malaysia Berhad Annual Report 2021

27. BORROWINGS Group Company 30.6.2021 31.12.2019 30.6.2021 31.12.2019 RM’000 RM’000 RM’000 RM’000 Long-term borrowings Secured Term loans (a) 1,039 70,667 - - Hire purchase payables (b) 37 366 - 24 1,076 71,033 - 24 Short-term borrowings Secured Term loans (a) 695 4,933 - - Revolving credits 10,000 8,000 - - Bankers acceptances 25,000 20,000 - - Trust receipts 1,921 - - - Hire purchase payables (b) 22 236 - 92 37,638 33,169 - 92 Total borrowings Term loans (a) 1,734 75,600 - - Revolving credits 10,000 8,000 - - Bankers acceptances 25,000 20,000 - - Trust receipts 1,921 - - - Hire purchase payables (b) 59 602 - 116 38,714 104,202 - 116 The range of weighted average effective of interest rates (‘WAEIR’) (% per annum) of the borrowings at the end of the reporting period are as follows: Group Company 30.6.2021 31.12.2019 30.6.2021 31.12.2019 WAEIR WAEIR WAEIR WAEIR % % % % Term loans 5.50 4.35 - 5.37 - - Hire purchase 4.79 4.77 - 6.97 - 5.41 Revolving credits 3.92 4.99 - 6.30 - - Trust receipts 5.56 - - - Bankers acceptances 3.31 3.79 - - The secured borrowings of the Group and of the Company are secured by way of fixed and floating charges over certain assets of the Group and of the Company including deposits with licensed banks of RM26,130,000 (31.12.2019: RM32,018,000) which has been pledged as security as disclosed in Note 15, Note 16 and Note 25 respectively. The bank facilities of the Group except for hire purchase amounting to RM38,655,000 (31.12.2019: RM103,600,000) are also secured by corporate guarantee from the Company. In the event of default in any of the facilities, the maximum exposure of the Company would be amounting to RM16,427,000 (31.12.2019: RM78,769,000) as per explained in Note 38(b). NOTES TO THE FINANCIAL STATEMENTS 118 KUB MALAYSIA BERHAD