Annual Report - QuamIR

Notes to the Consolidated Financial Statements (Continued)
36 Borrowings – Group (Continued)
36
(c)
The Group has finance lease liabilities at the balance sheet date as
(c)
follows:
2011 2010
HK$ Million
HK$ Million
Gross finance lease liabilities
– minimum lease payments
Within one year 11.6 10.8
In the second year 11.9 11.1
In the third to fifth year 37.9 35.3
After the fifth year 61.1 71.1
122.5 128.3
Future finance charges on finance leases (32.4) (37.0)
Present value of finance lease liabilities 90.1 91.3
The present value of finance lease liabilities
is as follows:
Within one year 5.8 4.9
In the second year 6.6 5.6
In the third to fifth year 24.9 21.3
After the fifth year 52.8 59.5
90.1 91.3
(d)
The loans from non-controlling shareholders are unsecured and
(d)
interest free. The loans that are not expected to be repayable
within twelve months are classified as non-current liabilities. The
balance is mainly denominated in Renminbi.
(e)
The effective interest rates at the balance sheet date were as
(e)
follows:
2011 2010
HK$ RMB HK$ RMB
Bank borrowings 0.9%-3.33% 5.94%-8.65% 0.9% 5.31%-6.53%
Other loans – – – 3.05%-5.00%
172 HKC (Holdings) Limited • Annual Report 2011