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159

KUMPULAN FIMA BERHAD

(11817-V) |

Annual Report

2016

28. BORROWINGS

Group

Company

2016

2015

2016

2015

RM’000 RM’000 RM’000 RM’000

Short Term Borrowings

Secured:

- Bankers’ acceptances

2,261

1,412

-

-

- Revolving credit

5,000

-

5,000

-

Unsecured:

- Bankers’ acceptances

8,020

4,532

8,020

4,532

15,281

5,944

13,020

4,532

Maturity of borrowings

Group

Company

2016

2015

2016

2015

RM’000 RM’000 RM’000 RM’000

Within one year

15,281

5,944

13,020

4,532

The revolving credit facility is rolled over every three months.

The weighted average effective interest rate of the facilities during the financial year was 4.49% (2015:

4.75%) per annum.

The borrowings are secured by the following:

-

Financial guarentee by the Company; and

-

Certain leasehold land of the Group as disclosed in Note 13(f).