Annual Report - QuamIR
Annual Report - QuamIR 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
Notes to the Consolidated Financial Statements (Continued) 36 Borrowings – Group (Continued) 36 (f) The carrying amounts of the borrowings are denominated in the (f) following currencies: 2011 2010 HK$ Million HK$ Million Hong Kong dollars 253.4 56.6 Renminbi 3,477.5 3,625.8 3,730.9 3,682.4 (g) The Group has the following undrawn borrowing facilities: (g) 2011 2010 HK$ Million HK$ Million Floating rate – expiring within one year – 200.0 – expiring beyond one year 300.6 413.5 300.6 613.5 The carrying amounts and fair value of the non-current borrowings are approximately the same. 37 Trade and other payables 37 Group Company 2011 2010 2011 2010 HK$ Million HK$ Million HK$ Million HK$ Million Trade payables 25.7 41.4 – – Retention payables 60.9 27.4 – – Other payables and accruals 1,044.0 833.2 14.1 10.3 1,130.6 902.0 14.1 10.3 • 173
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Notes to the Consolidated Financial Statements (Continued)<br />
<br />
36 Borrowings – Group (Continued)<br />
36 <br />
(f)<br />
The carrying amounts of the borrowings are denominated in the<br />
(f)<br />
<br />
following currencies:<br />
2011 2010<br />
<br />
<br />
HK$ Million<br />
HK$ Million<br />
<br />
<br />
Hong Kong dollars 253.4 56.6<br />
Renminbi 3,477.5 3,625.8<br />
3,730.9 3,682.4<br />
(g)<br />
The Group has the following undrawn borrowing facilities:<br />
(g)<br />
<br />
2011 2010<br />
<br />
<br />
HK$ Million<br />
HK$ Million<br />
<br />
<br />
Floating rate<br />
<br />
– expiring within one year – 200.0<br />
– expiring beyond one year 300.6 413.5<br />
300.6 613.5<br />
The carrying amounts and fair value of the non-current borrowings are<br />
approximately the same.<br />
37 Trade and other payables<br />
<br />
37 <br />
Group<br />
Company<br />
<br />
<br />
2011 2010 2011 2010<br />
<br />
HK$ Million HK$ Million HK$ Million HK$ Million<br />
<br />
Trade payables 25.7 41.4 – –<br />
Retention payables 60.9 27.4 – –<br />
Other payables and accruals 1,044.0 833.2 14.1 10.3<br />
1,130.6 902.0 14.1 10.3<br />
•<br />
173
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