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Notes to the Financial Statements (cont’d)
For the financial year ended 31 December 2011
28. Borrowings (cont’d)
138
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Total borrowings
Unsecured:
Short term trade financing 73,919 40,321 73,919 40,321
Bankers’ acceptances 376,403 508,109 376,403 508,109
Revolving credit 28,553 27,814 – –
Revolving credit (restructured) 39,657 50,993 39,657 50,993
Term loan 1 – 3,000 – 3,000
Term loan 2 40,449 60,265 – –
Term loan 3 4,472 10,538 4,472 10,538
Term loan 1: Bank’s Cost of Funds + 1% per annum
Building on Success: Developing Resources for the Future
563,453 701,040 494,451 612,961
The unsecured term loan 1 is denominated in Ringgit Malaysia and is repayable by 8 semi-annual principal repayments of
RM1.50 million each commencing on 1 May 2008. The loan has been fully repaid during the financial year.
Term loan 2: Bank’s Cost of Funds + 0.85% per annum
The unsecured term loan 2 is denominated in US Dollar and is repayable by 20 quarterly principal repayments commencing
on 20 September 2008.
Term loan 3: Bank’s Cost of Funds + 1% per annum
The unsecured term loan 3 is denominated in US Dollar and is repayable by 16 quarterly principal repayments commencing
on 11 May 2009.
Revolving credit (restructured): Bank’s Cost of Funds + 1% per annum
The revolving credit which is denominated in US Dollar was restructured to long term facility and is repayable by 10 semiannual
principal repayments commencing on 30 September 2009.
The remaining maturities of the loans and borrowings as at 31 December 2011 are as follows:
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
On demand or within one year 525,383 618,648 470,657 569,973
More than 1 year and less than 2 years 30,139 45,307 15,863 19,810
More than 2 years and less than 5 years 7,931 37,085 7,931 23,178
Other information on financial risks on borrowings are disclosed in Note 38.
563,453 701,040 494,451 612,961