Malaysia legislation
Section 8
of Mengikut peraturan Bilangan 34 Peraturan-Peraturan Tanah Tahun 1966, adalah
Seksyen 8
FINANCE COSTS
The Group
The Company 2005 2004 2005 2004
Interest on:
Convertible Unsecured
Loan Stocks (CULS)
11,983,234 153,698 11,983,234 153,698
Bank overdraft 1,996,394 1,410,098 1,996,394 1,410,098
Revolving credit 390,646 1,049,167 228,762 889,263
Term loan 107,582 675,692 107,582 675,692
Hire-purchase 36,441 27,510 33,197 24,266
Others 4,154 4,154 4,154 4,154 14,518,451 3,320,319 14,353,323 3,157,171
Interest expense on the CULS is calculated on the effective yield basis by applying the effective interest rate (5.745%) for an equivalent non-convertible loan stock to the liability component of the CULS. This effective interest rate is obtained from Bank Negara Malaysia.
In 2005, the interest on CULS amounted to RM11,983,234 of which
RM2,263,929 was made by cash payment. The remaining amount of
RM9,719,305 was accrued in CULS as mentioned in Note 25.