perspective perspective - ChartNexus

142
25 BORROWINGS (cont’d)
Weighted average interest Total carrying Maturity profile
Group rate at balance sheet date amount < 1 year 1 - 5 years > 5 years
% RM’000 RM’000 RM’000 RM’000
2004
Bank overdrafts 7.25 8,060 8,060 – –
Revolving credit 4.41 100,675 100,675 – –
Term loan 7.00 30,400 30,400 – –
Term loan 5.30 89,600 – 67,200 22,400
––––––––––––––––––– ––––––––––––––––––– ––––––––––––––––––– –––––––––––––––––––
228,735 139,135 67,200 22,400
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Company
2005
Term loan 6.13 20,000 – 20,000 –
================= ================= ================= =================
The net exposure of borrowings of the Group and Company to interest rate changes and the periods in which the borrowings
reprice are as follows:
Total Floating Fixed
Weighted average interest carrying interest rate interest rate
Group rate at balance sheet date amount < 1 year 1 - 5 years
% RM’000 RM’000 RM’000
2005
Bank overdrafts 7.59 15,915 15,915 –
Revolving credit 4.80 106,557 106,557 –
Term loan 7.25 27,475 27,475 –
Bridging loan 5.35 3,073 3,073 –
Term loan 5.60 89,600 89,600 –
Term loan 6.13 20,000 – 20,000
––––––––––––––––––– ––––––––––––––––––– –––––––––––––––––––
262,620 242,620 20,000
================= ================= =================
2004
Bank overdrafts 7.25 8,060 8,060 –
Revolving credit 4.41 100,675 100,675 –
Term loan 7.00 30,400 30,400 –
Term loan 5.30 89,600 89,600 –
––––––––––––––––––– ––––––––––––––––––– –––––––––––––––––––
228,735 228,735 –
================= ================= =================
Company
NOTES TO THE FINANCIAL STATEMENTS (cont’d)
for the financial year ended 31 December 2005
2005
Term loan 6.13 20,000 – 20,000
================= ================= =================
The unsecured term loan of RM20 million of the Group and Company represents a primary collateralised loan obligation.
The term loan is subject to fixed interest rate of 6.13% per annum and is repayable in one lump sum in September 2010. The fair
value of this long term loan at the balance sheet date is RM19,358,000. The fair value is estimated based on future contractual
cash flows discounted at the interest rate of 6.90%.
The carrying amount of all other borrowings of the Group at the balance sheet dates approximates their fair values.