Annual Report - Bina Puri

Notes to and Forming Part of the Financial Statements (Cont’d)24. BANK TERM LOANS (Cont’d)GroupCompany2007 2006 2007 2006RM’000 RM’000 RM’000 RM’000Balance brought forward 3,286 194,412 1,524 3,259Less:Repayments due within 12 months (included incurrent liabilities, Note 27) 539 95,136 346 322Repayments due after 12 months 2,747 99,276 1,178 2,937The bank term loan of the Company is secured by a first party legal charge over the leasehold land of the Company.The bank term loan of RM189,269,000 of the Group in the previous financial year was secured by assignment ofcontract proceeds from a project of a subsidiary.The loan was repayable in 2 instalments as follows:- 50% of the principal and interest one month after the construction completion date of the project as stipulated inthe certificate of practical completion (“CPC”) for the project; and- the remaining 50% of the principal and interest one year after the issuance of CPC or on the 36th month from28 December 2004, whichever is earlier.The bank term loan of RM1,636,000 (2006 : RM1,823,000) of a subsidiary is secured by a first party legal charge overthe leasehold land and building of the said subsidiary.The bank term loan of RM126,000 (2006 : RM61,000) of a subsidiary is secured by way of specific debentureincorporating a fixed charge over certain assets of the said subsidiary.25. DEFERRED TAX LIABILITIESGroupCompany2007 2006 2007 2006RM’000 RM’000 RM’000 RM’000At 1 January 663 1,223 200 145Transfer (to)/from income statement (11) (560) (76) 55At 31 December 652 663 124 200BINA PURI HOLDINGS BHDAnnual Report 200785