| Schedule of Finance Costs |
| |
|
For the year ended December 31, |
|
| |
|
2023 |
|
|
2024 |
|
| |
|
MYR |
|
|
MYR |
|
|
USD |
|
| Bank charges |
|
|
2,615 |
|
|
|
4,565 |
|
|
|
1,022 |
|
| Interest on lease liabilities |
|
|
124,157 |
|
|
|
253,389 |
|
|
|
56,693 |
|
| Interest on redeemable convertible preference shares |
|
|
360,407 |
|
|
|
1,384,065 |
|
|
|
309,669 |
|
| Interest on a related party loan (note(a)) |
|
|
17,081 |
|
|
|
27,260 |
|
|
|
6,099 |
|
| Interest on bank borrowing (note 14) |
|
|
1,566 |
|
|
|
4,056 |
|
|
|
907 |
|
| Total finance costs |
|
|
505,826 |
|
|
|
1,673,335 |
|
|
|
374,390 |
|
| (a) | On May 1, 2023, Agroz Group entered into a borrowing agreement with HWG Cash Berhad (“HWG Cash”), a related party, who is also a minority shareholder of the Group (the “Borrowing Agreement”). Pursuant to the Borrowing Agreement, Agroz Group borrowed MYR 1,363,000 from HWG Cash, at an interest rate of two percent (2.0%) per annum and a maturity of 24 months, or on such other extended date mutually agreed between Agroz Group and the related party. In January 2024, HWG Cash ceased to be a shareholder of Agroz Group. |
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