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