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ENRICHING STAKEHOLDER ASPIRATIONS ENRICHING PERFORMANCE ENRICHING THE COMMUNITY ENRICHING ACCOUNTABILITY & INTEGRITY ENRICHING RESILIENCE & SUSTAINABLE GROWTH

notes to tHe financial statements

for the year ended 31 december 2023

25. BORROWiNGS
Group
31 December 31 December
2023 2022
RM’000 RM’000

current 812,808 279,184

non-current 959,858 1,072,380

(a) the loan amounting to rm355.0 million or aud113.4 million and rm293.0 million or aud93.6 million to KWap
managed investment trust 3 (“KWap mit 3”) is at a floating rate of interest at bbr + 1.20% per annum with
maturity on 5 february 2026 and is secured over the investment property of KWap mit 3.
(b) new loan amounting to rm313.1 million or aud100.7 million to KWap managed investment trust 4 (“KWap mit
4”) during september 2023 is at a floating rate of 5.79% to 6.01% per annum with maturity on 29 september 2028.
the bank loan is secured against first ranking mortgages over the investment property of KWap mit 4.

(c) the loan amounting to rm814.2 million or gbp139.2 million to prima harta (Jersey) unit trust (“prima harta”) is at
a floating rate of sonia + 1.30% 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
2023 2022
RM’000 RM’000

at 1 January 1,351,564 1,977,004
cash flow changes from financing activities:
proceeds from borrowings 298,580 -
repayments of borrowings (18,454) (577,190)

non-cash flow movement:
capitalised transaction costs (2,010) (2,726)
deferred finance cost (2,072) -
accrued interest for the year 21,295 2,177
effect of changes in foreign exchange 123,763 (47,701)
At 31 December 1,772,666 1,351,564

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