v3.25.2
Bank Borrowings and Bank Overdraft
 6 Months Ended
Jun. 30, 2025
Bank Borrowings and Bank Overdraft [Abstract]  
BANK BORROWINGS AND BANK OVERDRAFT
14BANK BORROWINGS AND BANK OVERDRAFT

 

   As of 
   December 31,
2024		   June 30,
2025		   June 30,
2025		 
   RM   RM   Convenience
Translation
USD		 
Current            
Bank overdraft   104,587    335,419    79,621 
Bank borrowings   736,481    765,468    181,705 
    841,068    1,100,887    261,326 
Non-current               
Bank borrowings   2,526,234    2,135,947    507,026 
    3,367,302    3,236,834    768,352 

 

Bank overdraft

 

The bank overdraft is secured by the Group’s fixed deposits. The weightage average effective interest rate is 7.89% (2024: 8.83%) per annum.

 

Bank borrowing

 

Maturities of Bank Borrowing            
Year ending December 31, 2025   736,481    
-
    
-
 
Year ending December 31, 2026   782,996    
-
    
-
 
Year ending December 31, 2027   795,079    
-
    
-
 
Year ending December 31, 2028   495,036    
-
    
-
 
Year ending December 31, 2029   184,632    
-
    
-
 
After December 31, 2029   268,491    
-
    
-
 
    3,262,715    
-
    
-
 
                
Maturities of Bank Borrowing            
Period ending June 30, 2026   
-
    765,468    181,705 
Period ending June 30, 2027   
-
    786,552    186,710 
Period ending June 30, 2028   
-
    716,776    170,147 
Period ending June 30, 2029   
-
    274,423    65,142 
Period ending June 30, 2030   
-
    184,114    43,704 
After June 30, 2030   
-
    174,082    41,323 
    
-
    2,901,415    688,731 
   As of 
   December 31,
2024		   June 30,
2025		   June 30,
2025		 
   RM   RM   Convenience
Translation
USD		 
Fair value of non-current borrowing   2,123,289    1,673,619    397,279 
Undrawn borrowing facility   2,145,413    2,013,656    477,997 
Weighted average interest rate   5.35%   8.13%   8.13%

 

All borrowings by the company are personally guaranteed by the director. In the event the company is unable to meet its loan obligations, the director will be held accountable and responsible for repaying the loans.

 

Reconciliation of liabilities arising from financing activities

 

   As of 
   December 31,
2024		   June 30,
2025		   June 30,
2025		 
   RM   RM   Convenience
Translation
USD		 
Bank borrowing            
As at beginning of the year/period   2,909,469    3,262,715    774,496 
Proceeds from borrowing   1,000,000    
-
    
-
 
Scheduled repayment   (908,930)   (488,187)   (115,885)
Non-cash changes               
Finance cost   262,176    126,887    30,120 
As at end of the year/period   3,262,715    2,901,415    688,731 
                
Lease liability               
As at beginning of the year/period   209,571    162,577    38,593 
Scheduled repayment   (57,084)   (27,142)   (6,443)
Non-cash changes               
Addition during the year   
-
    
-
    
-
 
Imputed interest   10,090    3,926    932 
Termination   
-
    (37,340)   (8,864)
As at end of the year/period   162,577    102,021    24,218 
                
Amount due from/(to) director               
As at beginning of the year/period   (137,181)   
-
    
-
 
(Repayment)/Advance   (137,181)   3,467    823 
As at end of the year/period   
-
    3,467    823