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Notes to the Financial Statements
31 December 2015
17 INTEREST IN SUBSIDIARIES (CONTINUED)
(a) Loans to/(from) subsidiaries - Interest bearing
The terms of the loans are as follows:
Company
2015
2014
Principal
amount
RM’000
Loans out-
standing
RM’000
Principal
amount
RM’000
Loans out-
standing
RM’000
Currency
denomination Repayment terms
1,200,000
366,795
1,200,000
1,205,763
RM The loan is repayable based on a
scheduled repayment as below:
Months after the
first drawdown
Instalment
%
72
27.8
78
35.1
84
37.1
During the financial year, the Company
early settled a portion of the loan
amounting to RM835,000,000, of
which RM605,000,000 was set-off
against loans from a subsidiary. The
remaining loan is repayable in 72
months after the first drawdown.
270,000
270,000
-
-
RM The loan is repayable one year after
the drawdown date.
1,470,000
636,795
1,200,000
1,205,763
-
-
(400,000)
(400,000)
RM During the financial year, these loans
were set-off against loan to a
subsidiary.
The loans to/(from) subsidiaries are unsecured and carry interest rates ranging from 5.00% to 5.63% (2014: 5.00% to 5.18%) per annum
as at the reporting date.
(b) Amounts due from/(to) subsidiaries - Non-interest bearing
The amounts due from/(to) subsidiaries are unsecured and with 30 days credit period (2014: 30 days).
