Press Metal Annual Report 2022

NOTES TO THE FINANCIAL STATEMENTS Cont’d 17. Loans and borrowings cont’d 17.1 Bank loans Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Loan 1 – unsecured 104,743 106,781 - - Loan 2 – secured 145 188 - - Loan 3 – secured 1,115 1,559 - - Loan 4 – unsecured - 5,000 - - Loan 5 – unsecured - 187,425 - - Loan 6 – secured 847,712 970,815 847,712 970,815 Loan 7 – unsecured 150,000 300,000 150,000 300,000 Loan 8 – unsecured 100,000 200,000 100,000 200,000 Loan 9 – unsecured - 265,061 - - Loan 10 – secured 7,824 8,483 - - Loan 11 – unsecured 44,167 1,755 - - Loan 12 – unsecured 131,700 - 131,700 - Loan 13 – unsecured 261,205 - - - Loan 14 – unsecured 46,193 - - - Loan 15 – unsecured 32,503 - - - Loan 16 – unsecured 3,003 - - - 1,730,310 2,047,067 1,229,412 1,470,815 Securities and guarantees Loan 1 Guaranteed by the Company Loan 2 Secured over a building of a subsidiary with a carrying amount of RM517,000 (2021: RM528,000) and guaranteed by a Director of the Company Loan 3 Secured over buildings of a subsidiary with a carrying amount of RM5,080,000 (2021: RM5,194,000) and guaranteed by a subsidiary Loan 4 Guaranteed by the Company Loan 5 Guaranteed by the Company Loan 6 Secured over 3,452,783 shares (2021: 3,452,783 shares) of an associate and deposits pledged with a licensed bank of RM146,662,000 (2021: RM18,084,000) Loan 7 No security or guarantee Loan 8 No security or guarantee Loan 9 Guaranteed by the Company Loan 10 Secured over land and building of a subsidiary with carrying amounts of RM2,805,000 (2021: RM2,845,000) and RM9,606,000 (2021: RM10,283,000) respectively. PRESS METAL ALUMINIUM HOLDINGS BERHAD 261

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