Notes tothe financial statements For the financial year ended 31 December 2023 27. Interest-bearing loans and borrowings (cont’d) Current loans and borrowings (cont’d) Compliance with loan covenants As at 31 December 2023 and 2022, the Group has complied with all of the covenants of the abovementioned short-term loans as stipulated in the respective loan agreements or obtained necessary waivers as required by respective loan agreements. Non-current loans and borrowings Description of credit facilities Schedule of instalment and maturities Amount 2023 Rp million 2022 Rp million Rupiah Subsidiaries Unsecured facility from PT Bank Maybank Indonesia Tbk March 2024 450,000 450,000 Unsecured facility from PT Bank Negara Indonesia (Persero) Tbk December 2024 500,000 – Unsecured facility from PT Bank Permata Tbk September 2026 280,000 280,000 Secured facilities from PT Bank Central Asia Tbk(1) Quarterly until August 2028 920,849 1,940,648 Sub-total 2,150,849 2,670,648 US Dollar Company Unsecured facility from Sumitomo Mitsui Banking Corporation, Singapore(2) Semi-annual until April 2025 – 615,868 Sub-total – 615,868 Total 2,150,849 3,286,516 Less: deferred charges on bank loan (3,797) (12,187) Less: current portion (1,294,245) (1,042,271) Net-total 852,807 2,232,058 (1) Secured by corporate guarantee from the PT SIMP in proportion to its equity ownerships in the subsidiaries. (2) Upon full settlement of the loan during the year, the facility was closed subsequently. The purpose of long-term loans and borrowings are for investments and working capital requirements. 137 GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Annual Report 2023
RkJQdWJsaXNoZXIy NTkwNzg=