Annual Report 2010 - Leeden Limited

A Stronger Leeden in Asia.Notes to the Financial Statementsfor the Financial Year ended 31 December 201024. Cash and cash equivalents (cont’d)For the purpose of consolidated cash flow statement, cash and cash equivalents comprise the following at the balancesheet date:GroupNote 2010 2009$’000 $’000Fixed deposits 325 308Cash and bank balances 21,368 20,533Bank overdrafts 25 (180) (23)21,513 20,818Less: Fixed deposits pledged as collaterals – (308)21,513 20,510Certain fixed deposits were pledged as security for the Group’s property loan. The loan had been repaid during the year.Bank overdrafts are included in the determination of cash and cash equivalents in the consolidated cash flow statementbecause they form an integral part of the Group’s cash management.25. Amounts due to bankersGroupCompanyNote 2010 2009 2010 2009$’000 $’000 $’000 $’000Secured -Term loans 1,628 1,370 – –Revolving loans 7,625 6,870 – –Property loan – 1,300 – –Bank overdrafts 24 180 1,737 (a) – –Trust receipts and banker acceptance 1,889 983 – –Unsecured -Term loans 3,038 8,367 3,038 5,066Revolving loans 17,893 18,247 5,800 7,695Bills payable and trust receipts 15,071 12,576 2,417 1,86847,324 51,450 11,255 14,629(a)Included in the bank overdrafts was an amount of $1,714,000 in 2009 which has been drawn down for the purposeof financing the construction cost of the development property (Note 17) of the Group. This amount had not beenincluded as part of cash and cash equivalents (Note 24) as it does not form an integral part of the Group’s cashmanagement.Secured term loansThe secured term loans bear interest from 3.65% to 8.08% (2009: 2.30% to 8.50%) per annum and are secured by thefollowing:(a)(b)(c)legal charge over the freehold and leasehold land and property of the subsidiary companies;corporate guarantees by subsidiary companies;guarantee by directors of subsidiary companies;84