QL Resources Berhad (428915-X)
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18. Loans and borrowings
18.1 Interest/Profit rate
Group
Term loans
The term loans for the Group are subject to the following:
i) At an interest ranging from 3.75% to 6.50% (2015: 3.91% to 6.90%) per annum;
ii) 3 months Kuala Lumpur Interbank Offered Rate (“KLIBOR”) plus 0.70% to 1.35% (2015: 0.66% to 1.35%)
per annum;
iii) 1 month Cost of Fund (“COF”) plus 1.20% (2015: COF plus 1.20% ) per annum;
iv) 3 months COF plus 1.50% (2015: 3 months COF plus 1.50%) per annum; and
v) Kuala Lumpur Islamic Reference Rate (“KLIRR”) plus 1.25% (2015: 1.25%) per annum.
The term loans for the Group are repayable in equal monthly, quarterly and half yearly instalments over periods
ranging from 1 to 5 years (2015: 1 to 5 years).
Bank overdrafts
The bank overdrafts are subject to interest ranging from 1.00% to 1.50% (2015: 0.50% to 1.75%) above Base
Rate (“BR”) per annum.
Bills payable
The unsecured bills payable are subject to the following:
i) At an interest ranging from 0.25% to 0.75% (2015: 0.20% to 1.50%) above COF per annum; and
ii) At an interest ranging from 3.87% to 4.37% per annum (2015: Nil).
Revolving credit
The revolving credit is subject to interest of monthly COF plus 0.85% to 1.25% (2015: 0.85% to 1.25%).
Finance lease liabilities
Finance lease liabilities are payable as follows:
Present Present
Future value of Future value of
minimum minimum minimum minimum
lease lease lease lease
payments Interest payments payments Interest payments
2016 2016 2016 2015 2015 2015
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Less than one year 493 (68) 425 388 (18) 370
Between one and five years 222 (25) 197 1,093 (96) 997
715 (93) 622 1,481 (114) 1,367
Finance lease liabilities bear interest rates at 2.50% to 5.80% (2015: 2.50% to 5.80%) per annum.
Notes to the Financial Statements
(Cont’d.)
