Yinson Annual Report 2021

277 ANNUAL REPORT 2021 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2021 30. Reserves (continued) (e) Put option reserve Put option reserve arising from the disposal of 26% equity interest in a subsidiary, where an option was granted to a non-controlling interest to sell its equity stake back to the Group at their original consideration less dividends and proceeds from capital reduction 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 2021 under the single tier system. 32. Loans and borrowings Group Company 2021 2020 2021 2020 RM million RM million RM million RM million Current: Secured Term loans 690 368 - - Revolving credits - 16 - 16 690 384 - 16 Unsecured Revolving credits 104 92 - 41 794 476 - 57 Non-current: Secured Term loans 4,915 3,354 - - Unsecured Term loans 397 - - - 5,312 3,354 - - 6,106 3,830 - 57 Total borrowings Term loans 6,002 3,722 - - Revolving credits 104 108 - 57 Total loans and borrowings 6,106 3,830 - 57