Wah Seong Corporation Berhad Annual Report 2021 174 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 27 LOANS AND BORROWINGS Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Current Unsecured Revolving credits 438,736 500,644 102,163 126,759 Trade financing 104,972 119,068 - - Term loans 85,721 136,184 - - Fixed rate notes 19,722 19,054 - - 649,151 774,950 102,163 126,759 Non-current Unsecured Term loans 105,243 103,106 - - 754,394 878,056 102,163 126,759 The remaining maturities of the loans and borrowings are as follows: Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Within 1 year 649,151 774,950 102,163 126,759 More than 1 year and less than 2 years 28,263 35,845 - - More than 2 years and less than 5 years 76,036 60,000 - - More than 5 years 944 7,261 - - 754,394 878,056 102,163 126,759 As at 31 December 2021 and 31 December 2020, there were no secured loans and borrowings held by the Group. In the financial year ended 31 December 2021, a particular loan and revolving credit facility of the Group’s subsidiaries received indulgence from meeting a financial covenant from the bank. The indulgence was obtained before the balance sheet date for the financial year ended 31 December 2021 for a period up to 31 December 2022. The Group’s and the Company’s loans and borrowings exposure to foreign currency (a currency which is other than the functional currency of the Group entities and the Company) risk were: Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 - United States Dollar 85,016 110,869 52,163 96,759 - Euro Dollar 8,748 24,376 - - - Ringgit Malaysia - 22,563 - - - Singapore Dollar - 5,746 - - - British Pound - 586 - - - Canadian Dollar - 416 - - 93,764 164,556 52,163 96,759
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