Tropicana Corporation Berhad Annual Report 2019

32. BORROWINGS (CONT’D.) Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Maturities of borrowings: Not later than 1 year 948,630 626,349 208,624 275,200 Later than 1 year and not later than 5 years 1,081,020 1,352,484 128,999 165,456 More than 5 years 512,555 – – – Less: Unamortised borrowing costs (23,090) (22,648) (1,533) (2,259) Total 2,519,115 1,956,185 336,090 438,397 The range of interest rates per annum at the reporting date for borrowings were as follows: 2019 2018 % % Bridging loans 4.92 - 6.05 5.58 - 6.03 Revolving credits 4.93 - 7.45 5.18 - 7.45 Term loans 4.92 - 9.21 5.00 - 7.54 Bank overdrafts 6.56 - 6.96 6.29 - 6.96 The bridging loans, revolving credits and term loans of the Group and of the Company are secured by certain assets of the Group and of the Company as follows: (a) fixed charge over certain property, plant and equipment as disclosed in Note 15; (b) fixed charge over certain inventories as disclosed in Note 16; (c) fixed charge over certain investment properties as disclosed in Note 17; (d) fixed charge over contract cost assets as disclosed in Note 25; (e) fixed charge over certain assets classified as held for sale as disclosed in Note 27; (f) legal assignment of all cashflows, sale or tenancy agreements, insurance policies, construction contracts, construction guarantees and performance bonds in relation to certain projects developed by subsidiaries; (g) fixed and floating charge over the assets of certain subsidiaries; (h) specific debentures creating fixed and floating charges over certain Charged Properties of the Company and certain subsidiaries of the Group; and (i) corporate guarantees provided by the Company. For the financial year ended 31 December 2019 Notes to the Financial Statements Tropicana Corporation Berhad Annual Report 2019 pg 222 About Tropicana Our Strategic Performance Our Leadership