ANNUAL REPORT 2021 215 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʤ (CONT’D) 29. BLOCK DISCOUNTING (CONT’D) Details of the block discounting loan are as follows:- Number of Monthly Instalments Monthly Instalment RM’000 Date of Commencement of Repayment Block discounting loan 1 60 32 October 2019 Block discounting loan 2 60 32 October 2019 Block discounting loan 3 60 57 October 2019 Block discounting loan 4 60 32 October 2019 Block discounting loan 5 60 14 October 2019 Block discounting loan 6 60 24 November 2019 Block discounting loan 7 59 269 November 2019 Block discounting loan 8 60 33 December 2019 Block discounting loan 9 57 48 March 2020 Block discounting loan 10 57 30 November 2020 Block discounting loan 11 60 7 November 2020 Block discounting loan 12 60 27 November 2020 Block discounting loan 13 60 14 October 2021 Block discounting loan 14 60 18 October 2021 Block discounting loan 15 58 1 October 2021 The block discounting of the Group at the end of the reporting period bore fixed effective interest rates ranging from 3.86% to 6.88% (2020 - 3.86% to 6.76% ) per annum and are secured by:- (a) Master agreement between a subsidiary of the Company and the bank; (b) Assignment of Hire Purchase/Non-Act Leasing Agreements through a power of attorney in favour of the bank; (c) Corporate guarantee of the Company; and (d) Placement of certain fixed deposits of a subsidiary. 30. DEFERRED TAX LIABILITIES The Group The Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 At 1 January 2,373 2,223 1,910 1,910 Recognised in profit or loss (Note 38) 548 150 - - At 31 December 2,921 2,373 1,910 1,910 The deferred tax liabilities are attributable to the following:- The Group The Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Accelerated capital allowances 1,892 1,644 1,351 1,351 Development costs 1,029 729 559 559 2,921 2,373 1,910 1,910
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