Change - S P Setia Berhad

120
Annual report 2008
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2008
26. LONG TERM LOANS (cont’d)
The long term loans are analysed as follows:
2008 2007
RM’000
RM’000
Variable rate syndicated term loan at 1.25% above the cost of
funds of the lending banks, effectively, nil (2007 : 5.25% to 5.31%) per annum – 25,000
Variable rate loans at 1.50% above the cost of funds of the lending banks,
effectively, 5.31% (2007 : 5.30%) per annum 84,943 109,895
Variable rate loans at 1.25% above the cost of funds of the lending banks,
effectively, 5.05% to 5.11% (2007 : 5.10% to 5.15%) per annum 153,784 363,884
Variable rate loans at 0.75% above the cost of funds of the lending banks,
effectively, 4.62% per annum 40,000 –
Variable rate loans at 1.00% above the cost of funds of the lending banks,
effectively, 4.71% to 5.08% (2007 : 4.71% to 4.95%) per annum 172,405 106,100
Variable rate loan at 1.25% above the cost of funds (2007 : 1.75% above the
base lending rate) of the lending bank, effectively, 5.05% (2007 : 8.50%) per annum 2,922 3,080
Variable rate loan at 1.25% above the cost of funds (2007 : 2.00% above the
base lending rate) of the lending bank, effectively, 5.05% (2007 : 8.75%) per annum 3,900 4,620
457,954 612,579
27. OTHER LOANS
The other loans are from minority shareholders of certain subsidiary companies. These loans are unsecured and not repayable
within the next 12 months. There are no pre-agreed arrangements pertaining to the payment of interest and no interest was
charged for the year ended 31 October 2008 (2007 : Nil).