4,102.3 5,006.8 1,200.0 1,200.0 - After 30 years 436.8 446.8 349.3 335.6 54,439.6 50,620.0 25,323.7 25,119.7 T otal borrowings 61,770.2 63,882.2 29,678.1 36,231.9 Group 2023 RM’million 2022 RM’million Net book values of assets pledged as security for borrowings: Machinery, lines and equipment 29,442.4 29,457.6 Buildings 3,161.0 3,240.4 Land 481.8 440.0 33,085.2 33,138.0 (a) Term loans (i) Term Loans - Japan Bank for International Cooperation On 4 March 1999, the Company obtained an unsecured JPY49.1 billion term loan at fixed interest rate of 0.8% per annum. The facility will mature on 20 March 2039 with 40 years tenure. The facility was used to finance the implementation of the Port Dickson (Tuanku Jaafar) Power Station Rehabilitation Project. The term loan is guaranteed by the Government of Malaysia. On 31 March 2000,the Company obtained an unsecured JPY53.8 billion term loan at fixed interest rate of 1.0% per annum. The facility will mature on 20 March 2040 with 40 years tenure. The facility was used to finance the implementation of the Port Dickson (Tuanku Jaafar) Power Station Rehabilitation Project (II). The term loan is guaranteed by the Government of Malaysia. (ii) Term Loans - SESB Federal Government Loans The Federal Government provided RM2,028.1 million loans to SESB from 6 January 2003 to 11 April 2016 to finance the development project under the Malaysia Plan and electricity infrastructure development and upgrading projects in the state of Sabah. These loans have tenures ranging from 20 to 25 years, bearing applicable fixed interest rates of between 0% to 4.0% per annum. NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 269 26 BORROWINGS (CONTINUED) (a) Term loans (continued) (ii) Term Loans - SESB Federal Government Loans (continued) The loans are secured by the following: • A debenture creating: - a first fixed charge over all present and future freehold and leasehold properties including all buildings and fixtures; and - a first floating charge over all present and