Annual Report 2011 - Mandarin Oriental Hotel Group

17 Borrowings continued
The borrowings are further summarized as follows:
Fixed rate borrowings
Annual Report 2011 65
Weighted Weighted
average average period Floating rate
interest rates outstanding borrowings Total
% Years US$m US$m US$m
2011
Euro 5.9 1.7 8.3 – 8.3
Hong Kong dollar 2.2 2.6 183.4 184.3 367.7
Swiss franc 1.7 20.0 2.3 44.2 46.5
United Kingdom sterling 2.9 2.5 31.4 94.7 126.1
United States dollar 6.0 5.3 1.7 – 1.7
Japanese yen 1.2 – – 32.2 32.2
227.1 355.4 582.5
2010
Euro 5.9 2.7 9.8 – 9.8
Hong Kong dollar 2.1 3.6 183.1 183.7 366.8
Swiss franc 1.8 21.0 2.4 42.5 44.9
United Kingdom sterling 2.8 3.5 31.9 95.7 127.6
United States dollar 6.0 6.3 1.7 – 1.7
Japanese yen 0.8 – – 27.0 27.0
228.9 348.9 577.8
The weighted average interest rates and period of fixed rate borrowings are stated after taking into account of hedging
transactions (refer note 25).
The exposure of the Group’s borrowing to interest rate changes and the contractual repricing dates at 31st December are
as follows:
2011 2010
US$m US$m
Within one year 4.0 3.3
Between one and two years 9.1 4.5
Between two and three years 529.6 10.7
Between three and four years 33.9 524.5
Between four and five years 1.8 28.8
Beyond five years 4.1 6.0
582.5 577.8