On 1 January 2016, Carkey Copy Bhd had managed to accumulate finances amounting to RM200 million to finance their plant in Senawang, and its general administrative operation. The following are the details on the outstanding borrowings and their corresponding costs for the year ended 31 December 2016: Amount borrowed Rate of interest Interest cost RM'000 % RM'000 Term loan 50,000 10 5,000 110,000 12 13,200 Loan stock Redeemable preference shares 40,000 6 2,400 Total 200,000 During 2016, the company had utilised RM50 million of the borrowed funds to develop the plant. The construction of the plant commenced on 1 January 2016, and completed on 30 June 2017. In line with MFRS 123 Borrowing costs, all borrowing costs on qualifying assets were to be capitalised On 1 January 2016, Carkey Copy Bhd had managed to accumulate finances amounting to RM200 million to finance their plant in Senawang, and its general administrative operation. The following are the details on the outstanding borrowings and their corresponding costs for the year ended 31 December 2016: Amount borrowed Rate of interest Interest cost RM'000 % RM'000 Term loan 50,000 10 5,000 110,000 12 13,200 Loan stock Redeemable preference shares 40,000 6 2,400 Total 200,000 During 2016, the company had utilised RM50 million of the borrowed funds to develop the plant. The construction of the plant commenced on 1 January 2016, and completed on 30 June 2017. In line with MFRS 123 Borrowing costs, all borrowing costs on qualifying assets were to be capitalised