Yinson Annual Report 2018

Notes to the Financial Statements (Cont’d) For the financial year ended 31 January 2018 32. LOANS AND BORROWINGS Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Current: Secured Term loans 226,392 165,516 – – Sukuk Murabahah 71,222 3,281 – – Revolving credits 21,433 – 21,433 – Obligations under finance leases (Note 33(b)) 335 309 203 194 319,382 169,106 21,636 194 Unsecured Revolving credits 43,710 44,622 786 44,535 Bank overdrafts – 8,626 – – 43,710 53,248 786 44,535 363,092 222,354 22,422 44,729 Non-current: Secured Term loans 2,495,793 2,882,216 – – Sukuk Murabahah 151,108 240,586 – – Obligations under finance leases (Note 33(b)) 165 488 75 278 2,647,066 3,123,290 75 278 Unsecured Revolving credits – 47,529 – – 2,647,066 3,170,819 75 278 3,010,158 3,393,173 22,497 45,007 Total borrowings Term loans 2,722,185 3,047,732 – – Sukuk Murabahah 222,330 243,867 – – Revolving credits 65,143 92,151 22,219 44,535 Bank overdrafts (Note 26) – 8,626 – – 3,009,658 3,392,376 22,219 44,535 Obligations under finance leases (Note 33(b)) 500 797 278 472 Total loans and borrowings 3,010,158 3,393,173 22,497 45,007 (a) The secured loans and borrowings of the Group are secured by certain assets of the Group as disclosed in Notes 16, 17 and 26. (b) All unsecured loans and borrowings of the subsidiaries are guaranteed by the Company. (c) The revolving credits bear interests at range of COF + 1.50% to COF + 2.50% (2017: COF + 1.50% to COF + 3.00%) per annum. The bank overdrafts bear interests of BLR+0.00% in the previous financial year. (d) The term loans bear interest rate at range of COF + 1.65% (2017: COF + 1.65% to COF + 2.80%) per annum and LIBOR + 2.90% to LIBOR + 4.50% (2017: LIBOR + 2.85% to LIBOR + 4.50%) per annum. (e) The Sukuk Murabahah bear fixed interest rate at range of 5.25% to 5.75% (2017: 5.25% to 5.75%) per annum. 164 Yinson Holdings Berhad Annual Report 2018 Accountability