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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FINANCIAL REVIEW<br />
June<br />
2007<br />
Group’s net debt (US$m) 230<br />
314<br />
Gearing (net debt over adjusted shareholders’ funds) 18%<br />
13%<br />
� EBITDA (including associates) net interest cover was 6.5 vs. 3.7 in<br />
the first half of 2006<br />
� Approx 55% of Group’s gross debt hedged<br />
� Following Hong Kong refinancing, average term of Group’s<br />
borrowings will be about 6 years<br />
� US$438m of cash and US$139m of committed unused facilities at<br />
30 June<br />
December<br />
2006
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