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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).