26. BORROWINGS (CONTINUED)
Group
2014
2013
RM’0
RM’000
RM’000
(Restated)
Total
Bridging loan (unsecured)
449,000
–
Islamic commercial papers/Islamic Medium Term Notes (unsecured)
–
499,000
Term loans (secured):
– Conventional
81,282
54,005
– Hiwalah term loan
116,820
77,048
– Al-Ijarah
–
12,988
– Murabahah
159,238
–
357,340
144,041
Revolving credits (unsecured):
– Conventional
50,000
55,900
– Al-Amin
252,500
277,027
– Tawarruq
75,000
–
377,500
332,927
Hire purchase and finance lease liabilities:
– Conventional
21,738
5,295
– Bai Al-Inah
30,083
38,089
51,821
43,384
Bank overdrafts (unsecured)
15,727
8,140
1,251,388
1,027,492
Company
2014
2013
RM’0
RM’000
RM’000
Current
Revolving credits (unsecured):
– Al-Amin
250,000
275,000
Borrowings for the Group and the Company are denominated in Ringgit Malaysia.
The borrowings are secured by:
(a) fixed charge on certain landed properties of the Group
(Note 13)
;
(b) fixed and floating charge on certain assets of the Group by way of debenture;
(c) letter of awareness, letter of comfort and letter of subordinates from Johor Corporation;
(d) a negative pledge over some of the fixed and floating assets of the Group;
(e) fixed first and floating charge over some movable and immovable assets of the Group;
(f) finance leases are effectively secured as the rights to the leased asset revert to the lessor in the event of default;
(g) an assignment of the proceeds to be received from the disposal of the building;
(h) corporate guarantee provided by the Company to its subsidiary
(Note 41)
; and
(i) jointly and severally guaranteed by certain Directors of the Company.
270
KPJ Healthcare Berhad annual report
2014
Notes to the
Financial Statements
For the financial year ended 31 December 2014 (continued)
