Utusan Melayu (Malaysia) Bhd - Announcements

Notes T O T HE A CCOUNTS for the year ended 31 December 1999
9. RESERVES (CONT’D.)
46 Utusan Melayu (Malaysia) Berhad
The Group The Company
1999 1998 1999 1998
RM RM RM RM
Distributable reserves:-
Revaluation surplus in respect of fixed assets
which have been disposed off 627,475 627,475 — —
Unappropriated profit 55,418,550 47,184,519 47,817,210 40,552,690
Total distributable reserves 56,046,025 47,811,994 47,817,210 40,552,690
76,470,999 67,865,755 66,387,817 59,123,297
Other reserves comprise:-
(i) Capitalisation of revenue reserve
in associated companies
At 1 January 560,000 360,000 — —
Transfer from profit and loss account 360,000 200,000 — —
At 31 December 920,000 560,000 — —
(ii) Capitalisation of revenue reserve arising
from bonus issue by a subsidiary company 744,800 744,800 — —
1,664,800 1,304,800 — —
10. REVOLVING UNDERWRITING FACILITY (RUF)
The Revolving underwriting facility (RUF) up to a limit of RM110,000,000 is obtained from a consortium of bankers and is
available for a period of 5 years expiring in April 2003. The RUF is secured by way of fixed charges on certain land and
building and plant and machinery of the Company and carries interest at rates which ranged from 4.00% to 12.5%
(1998: 7.75% to 12.5%) per annum.
11. TERM LOANS
The Group The Company
Note 1999 1998 1999 1998
RM RM RM RM
Term loans 24,754,361 29,633,431 14,580,810 19,429,418
Less:
Repayable within 12 months 22 (9,933,453) (9,119,296) (4,848,608) (4,848,608)
Repayable after 12 months 14,820,908 20,514,135 9,732,202 14,580,810