Mandarin Oriental International Limited - Mandarin Oriental Hotel ...

56
NOTES TO THE FINANCIAL STATEMENTS CONTINUED
16 Borrowings
Current
MANDARIN ORIENTAL INTERNATIONAL LIMITED
2005 2005 2004 2004
Carrying Fair Carrying Fair
amount value amount value
US$m US$m US$m US$m
– Bank overdrafts 0.3 0.3 – –
Current portion of long-term borrowings
– Bank loans 7.8 8.5 10.1 11.2
– Convertible bonds (refer note 16a) – – 75.3 79.1
– Other borrowings 0.2 0.2 0.3 0.3
8.0 8.7 85.7 90.6
Long-term borrowings
– Bank loans 462.6 462.6 478.7 479.7
– Finance lease (refer note 16b) – – 8.0 8.0
– Other borrowings 7.3 7.3 8.7 8.7
– Tax increment financing (refer note 17) 1.7 1.7 1.7 1.7
471.6 471.6 497.1 498.1
479.9 480.6 582.8 588.7
2005 2004
US$m US$m
Secured 362.1 485.1
Unsecured 117.8 97.7
479.9 582.8
Due dates of repayment
Within one year 8.3 85.7
Between one and two years 23.8 106.4
Between two and three years 181.2 24.3
Between three and four years 10.3 178.3
Between four and five years 244.1 7.1
Beyond five years 12.2 181.0
479.9 582.8