Section 8 UEM Edgenta Berhad FINANCIAL STATEMENTS 352 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 35. BORROWINGS (CONTD.) The maturity profile of the loans and borrowings are as follows: Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Within one year 175,519 127,111 85,000 52,000 More than 1 year and less than 2 years 51,997 26,563 - - More than 2 years and less than 5 years 262,347 305,076 250,000 250,000 314,344 331,639 250,000 250,000 489,863 458,750 335,000 302,000 (a) Term loans Secure term loans bear interests which range from 4.30% to 5.22% per annum (2022: 3.66% to 3.99% 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 a 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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