Page 203 - KWAP_AR2022

FoR BetteR RetuRns Annual Report 2022 201

notes to the
financial statements
for the year ended 31 december 2022

24. BORROWINGS

Group KWAP
31 December 31 December 31 December 31 December
2022 2021 2022 2021
RM’000 RM’000 RM’000 RM’000

current 279,184 580,822 - -

non-current 1,072,380 1,396,182 - -

(a) the loan amounting to rm337.9 million or aud113.4 million to KWap managed investment trust 3 (KWap mit 3)
is at a floating rate of interest at bbr + 1.2% per annum with maturity on 5 february 2026 and is secured over the
investment property of KWap mit 3.

(b) the loan amounting to rm279.2 million or aud93.5 million to KWap mit 3 is at a fixed rate of interest at 3.76%
per annum with maturity on 2 october 2023 and is secured over the investment property of KWap mit 3.

(c) the loan amounting to rm734.4 million or gbp139.2 million to prima harta (Jersey) unit trust (prima harta) is at
a floating rate of libor + 1.3% with maturity on 27 november 2024.

the table below illustrates the reconciliation of the group’s borrowings arising from financing activities and are
classified in the group’s consolidated cash flows as cash flow from financing activities:

Group
31 December 31 December
2022 2021
RM’000 RM’000
at 1 January 1,977,004 2,180,272
cash flow changes from financing activities:
repayments of borrowings (577,190) (3,886)
non-cash flow movement:
capitalised transaction costs (2,726) (4,495)
deferred finance cost - (519)
accrued interest for the year 2,177 4,307
effect of changes in foreign exchange (47,701) (198,675)
at 31 december 1,351,564 1,977,004