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SUSTAINABILITY JOURNEY HOW WE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 349

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021

26 LOANS DUE TO A SUBSIDIARY AND TO A RELATED COMPANY
Group Company
2021 2020 2021 2020
RM’000 RM’000 RM’000 RM’000

Non-current liability
Loans due to a subsidiary
Unsecured:
- Financing in nature - - 92,554 98,662

Current liability
Loans due to a subsidiary
Unsecured:
- Financing in nature - - 31,228 30,194
Loan due to a related company

Unsecured:
- Financing in nature - 47,152 - 10,108
Loan due to a subsidiary relates to a short term and long term funding facility from a subsidiary. The loan is unsecured,
denominated in Ringgit Malaysia and the average interest rate of the loan ranges from 3.02% - 4.48% (2020: 3.02% - 4.48%
per annum). Short term funding is repayable in 6 months from the drawdown date. Long term funding is repayable within
7 years.
Loan due to a related company relates to short term funding facility from subsidiary of the immediate holding company.
The average interest rate of the loan is 2.92% (2020: 2.85% - 4.45%) per annum.