UEM EDGENTA BERHAD ANNUAL REPORT 2021 1 2 3 4 5 6 7 263 262 NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FINANCIAL STATEMENTS 27. BORROWINGS Group Company 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Current borrowings Secured: Murabahah Term Facility (Note e) - 38,089 - - Term loans (Note a) 13,294 10,203 - - Revolving credit (Note c) 67,948 64,057 - - 81,242 112,349 - - Unsecured: Islamic Commercial Papers (Note b) - 50,000 - 50,000 Islamic Medium Term Notes (Note b) 252,184 2,101 252,184 2,101 Revolving credit (Note c) 52,000 - 52,000 - Total short term borrowings 385,426 164,450 304,184 52,101 Non-current borrowings Secured: Term loans (Note a) 58,095 68,746 - - Unsecured: Islamic Medium Term Notes (Note b) - 249,958 - 249,958 Total long term borrowings 58,095 318,704 - 249,958 Total borrowings Secured: Murabahah Term Facility (Note e) - 38,089 - - Term loans (Note a) 71,389 78,949 - - Revolving credit (Note c) 67,948 64,057 - - 139,337 181,095 - - Unsecured: Islamic Commercial Papers (Note b) - 50,000 - 50,000 Islamic Medium Term Notes (Note b) 252,184 252,059 252,184 252,059 Revolving credit (Note c) 52,000 - 52,000 - Total borrowings 443,521 483,154 304,184 302,059 27. BORROWINGS (CONTD.) The maturity profile of the loans and borrowings are as follows: Group Company 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 On demand or within one year 385,426 164,450 304,184 52,101 More than 1 year and less than 2 years 11,115 260,608 - 249,958 More than 2 years and less than 5 years 34,821 33,887 - - More than 5 years 12,159 24,209 - - 58,095 318,704 - 249,958 443,521 483,154 304,184 302,059 (a) Term loans Secured term loans bear interests which range from 3.20% to 4.30% per annum (2020: 2.79% to 5.22% per annum). The term loans are secured by: (i) Assignment of rights, title, interest and benefits of the customer under the Concession Agreement in respect of the followings: - Project Payment Charges - Amount payable to the Customer by the Government of Malaysia as a result of early termination - Appointment of Substituted Entity (ii) Assignment of proceeds over revenue and other income generated from the project; (iii) Assignment over designated accounts; (iv) Letter of undertaking from a subsidiary to service the monthly obligation of the customer in the event of any shortfall; (v) Corporate guarantee from a subsidiary; (vi) Deed of assignment and charge over a bank account; and (vii) Fixed and floating charge over present and future assets.
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