DELEUM BERHAD UNISON IN DIVERSITY - ChartNexus

Notes to the Financial Statements (continued)
31 December 2009
25 BORROWINGS (continued)
(a) Term loan (secured) (continued)
Deleum Berhad Annual Report 2009 99
Term loan 1 carries an interest of 4.64% per annum (2% per annum above the bank’s cost of funds of 2.64%).
Term loan 2 carries a fixed interest rate of 5.4% per annum. Term loan 1 and 2 are repayable by way of 47 monthly
instalments of RM416,000 per month and a final instalment of RM448,000. The first instalment commences on
the 13 th month from the date of the first drawdown. The tenure of the loan is 5 years.
The fair value of the term loan as at balance sheet date is RM20,300,000.
(b) Islamic term financing long term non-interest bearing facilities (secured)
Group
2009 2008
RM RM
Not later than 1 year 616,249 705,617
Later than 1 year but not later than 2 years 2,935,042 2,750,139
Later than 2 years but not later than 5 years 1,658,521 2,547,825
5,209,812 6,003,581
The Islamic term financing long term non-interest bearing facilities are repayable in the following manner:
- 120 equal monthly instalments of RM26,415 each commencing 11 May 2007;
- 120 equal monthly instalments of RM32,510 each commencing 13 October 2007; and
- 84 equal monthly instalments of RM20,823 each commencing 27 January 2008.
The facilities bear profit sharing margins of 6.55% to 7.00% (2008: 6.35% to 7.00%) per annum as at the financial
year end and are secured by a first party fixed charge on the property and a debenture over all the fixed and
floating assets of the respective subsidiaries as disclosed in Notes 12, 13, 14 and 22, and corporate guarantee for
RM7,000,000 (2008: RM8,820,149) furnished by a subsidiary.
The fair value amount of the Islamic term financing long term non-interest bearing facilities as at the balance sheet
date is as follows:
Group
2009 2008
RM RM
Fair value 5,253,506 5,839,772