Annual Report 2015
FINANCIAL SECTION
187
39 BORROWINGS
(continued)
Notes:
(a) Bank loans, other loans and fixed rate bonds and notes payable are repayable as follows:
Bank loans
Other loans
Fixed rate bonds and
notes payable
2015
2014
2015
2014
2015
2014
HK$m
HK$m
HK$m
HK$m
HK$m
HK$m
Within one year
29,640.6
23,714.8
894.1
200.2
–
6,544.9
In the second year
12,425.7
31,435.0
362.7
0.2
3,868.4
–
In the third to fifth year
33,000.3
25,998.1
687.4
0.1
16,440.6
7,572.8
After the fifth year
2,682.0
3,335.0
–
–
13,002.5
17,760.9
77,748.6
84,482.9
1,944.2
200.5
33,311.5
31,878.6
(b) Loans from non-controlling shareholders
The loans of HK$238.9 million (2014: HK$247.8 million) are unsecured and interest bearing at fixed rates of 6.2% (2014:
5.0%-6.2%) per annum. The remaining loans are unsecured and interest free. A total amount of HK$1,168.6 million (2014:
HK$2,127.8 million) is not repayable within the next 12 months and the remaining balances have no specific repayment
term.
(c) Effective interest rates
2015
2014
Hong Kong
dollar
Renminbi
United
States
dollar
Others
Hong Kong
dollar
Renminbi
United
States
dollar
Others
Bank loans
2.1% 6.5% 6.2% 2.2%
2.2% 6.4% 5.2% 0.8%
Fixed rate bonds and notes
payable
5.6% 5.5% 6.0%
–
5.9% 6.6% 6.3%
–
Loans from non-controlling
shareholders
2.5% 6.2%
–
–
5.0% 6.2%
–
–
Other secured loans
–
10.1%
–
–
–
6.5%
–
–
Other unsecured loans
2.8% 7.6%
–
–
2.7% 6.5%
–
–
(d) Carrying amounts and fair values of the borrowings
The fair value of the fixed rate bonds and notes payable at the end of the reporting period is HK$35,035.4 million (2014:
HK$33,463.8 million). The carrying amounts of other borrowings approximate their fair values.
