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Change - S P Setia Berhad

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120<br />

Annual report 2008<br />

NOTES TO THE FINANCIAL STATEMENTS<br />

FOR THE YEAR ENDED 31 OCTOBER 2008<br />

26. LONG TERM LOANS (cont’d)<br />

The long term loans are analysed as follows:<br />

2008 2007<br />

RM’000<br />

RM’000<br />

Variable rate syndicated term loan at 1.25% above the cost of<br />

funds of the lending banks, effectively, nil (2007 : 5.25% to 5.31%) per annum – 25,000<br />

Variable rate loans at 1.50% above the cost of funds of the lending banks,<br />

effectively, 5.31% (2007 : 5.30%) per annum 84,943 109,895<br />

Variable rate loans at 1.25% above the cost of funds of the lending banks,<br />

effectively, 5.05% to 5.11% (2007 : 5.10% to 5.15%) per annum 153,784 363,884<br />

Variable rate loans at 0.75% above the cost of funds of the lending banks,<br />

effectively, 4.62% per annum 40,000 –<br />

Variable rate loans at 1.00% above the cost of funds of the lending banks,<br />

effectively, 4.71% to 5.08% (2007 : 4.71% to 4.95%) per annum 172,405 106,100<br />

Variable rate loan at 1.25% above the cost of funds (2007 : 1.75% above the<br />

base lending rate) of the lending bank, effectively, 5.05% (2007 : 8.50%) per annum 2,922 3,080<br />

Variable rate loan at 1.25% above the cost of funds (2007 : 2.00% above the<br />

base lending rate) of the lending bank, effectively, 5.05% (2007 : 8.75%) per annum 3,900 4,620<br />

457,954 612,579<br />

27. OTHER LOANS<br />

The other loans are from minority shareholders of certain subsidiary companies. These loans are unsecured and not repayable<br />

within the next 12 months. There are no pre-agreed arrangements pertaining to the payment of interest and no interest was<br />

charged for the year ended 31 October 2008 (2007 : Nil).

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