ANNUAL REPORT 2024 FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 FINANCIAL STATEMENTS NOTES TO THE 165 23. FOREIGN EXCHANGE TRANSLATION RESERVE The foreign exchange translation reserve arose from the translation of the financial statements of foreign subsidiaries whose functional currencies are different from the Group’s presentation currency. 24. LONG-TERM BORROWINGS Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Secured:- Term loans (Note 25) 13,615 17,688 - - Term financing (Note 26) - 496 - 496 Lease liabilities (Note 27) 151 550 - 550 Hire purchase payables (Note 28) 454 - 454 - 14,220 18,734 454 1,046 25. TERM LOANS (SECURED) Group 2024 2023 RM’000 RM’000 Current liabilities (Note 32) 4,079 4,140 Non-current liabilities (Note 24) 13,615 17,688 17,694 21,828 Details of the repayment terms are as follows:- Term Loan Number Of Monthly Instalments Monthly Instalment Amount Date Of Commencement Of Repayment Effective Interest Rate Group Amount Outstanding 2024 2023 RM’000 RM’000 RM’000 1 144 52 1 January 2015 4.45% (2023 - 4.20%) 1,624 2,167 2 144 86 1 July 2017 4.30% (2023 - 4.05%) 4,856 5,663 3 84 98 5 February 2018 4.30% (2023 - 4.05%) 1,062 2,238 4 120 134 6 July 2020 4.30% (2023 - 4.05%) 10,152 11,760 17,694 21,828 The term loans above are with floating rates ranging from 4.30% to 4.45% (2023 - 4.05% to 4.20%) per annum.
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