2006 - Eastern Caribbean Securities Exchange

Notes to the Consolidated Financial Statementsfor the year ended 31st December, 2006Expressed in Thousands of Trinidad and Tobago dollars15. Payables and accruals 2006 2005Sundry payables and accruals 200,043 170,284Trade payables 85,629 86,550Statutory obligations – Jamaica Subsidiary 7,243 4,412Taxation payable 3,923 4,02416. Medium and long term financing296,838 265,270Maturity of borrowings:One year 70,346 67,100Two years 184,327 173,354Three years 295,257 257,956Four years 101,218 70,065Five years and over 602,818 613,1171,253,966 1,181,592Current portion (70,346) (67,100)1,183,620 1,114,492Type of borrowings:Bonds 706,782 759,099Project financing 495,687 367,852Term loans 36,324 39,577Finance lease obligations 15,173 15,0641,253,966 1,181,592Currency denomination of borrowingsUS dollar 199,576 72,709Local currencies 1,054,390 1,108,8831,253,966 1,181,592Interest rate profileFixed rates 1,226,142 1,153,078Floating rates 27,824 28,5141,253,966 1,181,592The weighted average effective interest rate for mediumand long term financing is: 8.9% 9.15%26