26. Borrowings
Group
Company
2015
2014
2015
2014
RM’000
RM’000
RM’000
RM’000
Short term borrowings
Unsecured:
Bank overdrafts
15,014
1,465
15,014
1,414
Revolving credits
695,000
645,000
665,000
615,000
Term loans
79,508
44,450
54,508
44,450
789,522
690,915
734,522
660,864
Long term borrowings
Unsecured:
Term loan
125,000
150,000
-
-
125,000
150,000
-
-
Total borrowings
Bank overdrafts
15,014
1,465
15,014
1,414
Revolving credits
695,000
645,000
665,000
615,000
Term loans
204,508
194,450
54,508
44,450
914,522
840,915
734,522
660,864
Analysis by maturity:
- within 1 year
789,522
690,915
734,522
660,864
- from 2 to 5 years
100,000
100,000
-
-
- more than 5 years
25,000
50,000
-
-
914,522
840,915
734,522
660,864
(a) Bank overdrafts bear interest at rates ranging from 7.60% to 7.85% (2014: 5.3% to 7.6%) per annum.
(b) Revolving credits bear interest at rates ranging from 3.95% to 5.22% (2014: 3.8% to 5.03%) per annum.
(c) The term loan of RM150 million is for a tenure of eight years and is repayable over 24 quarterly payments
of RM6.25 million each, commencing March 2016. The term loan carried an average profit rate of 5.26%
(2014: 4.93%) per annum.
(d) Included in the term loans of RM79.5 million (2014: RM44.5 million) is an unsecured short term loan of
RM54.5 million (2014: RM44.5 million) which is denominated in USD. The USD denominated term loan
bears interest at an average rate of 2.23% (2014: 2.22%) per annum.
(e) Except for the USD denominated loan, the other borrowings are denominated in Ringgit Malaysia.
n otes to th e f i nan c i a l statements
Bo ustead plantati o ns Berhad
114
