Yinson Annual Report 2020

284 Notes to the financial statements (cont’d) For the financial year ended 31 January 2020 Yinson Holdings Berhad SECTION 7 ACCOUNTABILITY 30. Reserves (continued) (e) Put option reserve Put option reserve arising from the disposal of 26% equity interest in a subsidiary, where option was granted to a non-controlling interest to sell back its equity stake to the Group at their original consideration less dividends received by them upon occurence of conditions set out in the shareholders agreement. 31. Retained earnings The Company may distribute dividends out of its entire retained earnings as at 31 January 2020 under the single tier system. 32. Loans and borrowings Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Current: Secured Term loans 368,288 228,971 - - Revolving credits 16,446 413 16,446 413 Obligations under finance leases (Note 33(c)) - 349 - 22 384,734 229,733 16,446 435 Unsecured Revolving credits 91,310 171,629 40,946 45,432 91,310 171,629 40,946 45,432 476,044 401,362 57,392 45,867 Non-current: Secured Term loans 3,354,359 2,747,342 - - Obligations under finance leases (Note 33(c)) - 1,026 - - 3,354,359 2,748,368 - - 3,830,403 3,149,730 57,392 45,867