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