261 INTEGRATED ANNUAL REPORT 2024 Key Messages Financial Statements Other Information NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 Overview of Wasco Berhad Value Creation Commitment to Governance Sustainability Journey 25 LOANS AND BORROWINGS Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Current Unsecured Revolving credits 249,529 452,029 - 45,000 Trade financing 120,762 147,448 - - Term loans 45,919 32,248 - - Fixed rate notes 18,800 20,321 - - 435,010 652,046 - 45,000 Non-current Unsecured Term loans 90,541 50,916 - - 525,551 702,962 - 45,000 The Group has complied with the financial covenants of its bank loans and borrowings for the financial year ended 31 December 2024 and 31 December 2023. See Notes 45 to the financial statements for further details. The remaining maturities of the loans and borrowings are as follows: Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Within 1 year 435,010 652,046 - 45,000 More than 1 year and less than 2 years 54,667 29,992 - - More than 2 years and less than 5 years 35,874 20,924 - - 525,551 702,962 - 45,000 The effective interest rates of loans and borrowings of the Group are as follows: Group Company 2024 % 2023 % 2024 % 2023 % Revolving credits 0.97 – 8.65 0.97 – 8.65 - 5.05 – 7.51 Term loans 5.50 – 9.46 5.02 – 9.43 - - Trade financing 2.60 – 7.15 4.24 – 7.15 - - Fixed rate notes 7.00 8.00 - -
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