DELEUM BERHAD UNISON IN DIVERSITY - ChartNexus

98 Unison in Diversity
Notes to the Financial Statements (continued)
31 December 2009
25 BORROWINGS
Group
2009 2008
RM RM
Term loan 20,000,000 0
Islamic term financing long term non-interest bearing facilities 5,209,812 6,003,581
Hire purchase 46,680 76,306
25,256,492 6,079,887
Less: amount repayable within 12 months
Term loan (3,328,000) 0
Islamic term financing long term non-interest bearing facilities (616,249) (705,617)
Hire purchase (23,566) (29,625)
(a) Term loan (secured)
The period in which the term loans of the Group attain maturity are as follows:
(3,967,815) (735,242)
21,288,677 5,344,645
Group
2009 2008
RM RM
Not later than 1 year 3,328,000 0
Later than 1 year but not later than 2 years 9,984,000 0
Later than 2 years but not later than 5 years 6,688,000 0
20,000,000 0
On 3 April 2009, a subsidiary of the Group drew down on a new term loan facility to part finance the purchase
of wireline equipment and tools. Under the loan covenant, the subsidiary is to open an escrow account under its
own name. A minimum of one instalment (principal and interest) must be maintained at all time in that account.
The balance in the escrow account as at 31 December 2009 is RM500,592.
The term loan was structured by way of two facilities as follows:
(i) Term loan 1 10,000,00
(ii) Term loan 2 10,000,00
RM
20,000,000