Annual Report 2010 - Leeden Limited

Notes to the Financial Statementsfor the Financial Year ended 31 December 2010Leeden Limited Annual Report 201025. Amounts due to bankers (cont’d)Secured term loans (cont’d)(d)(e)debenture over the fixed and floating charges over all present and future assets of the subsidiary company; anddebenture over certain gas tanks/storage tanks of a sub-subsidiary company.Secured revolving loans and trust receiptsThe revolving loans and trust receipts bear interest from 1.51% to 3.79% (2009: 1.51% to 3.25%) per annum and aresecured by the following:(a)(b)fixed and floating charge over all present and future assets of the subsidiary company; andcorporate guarantees by a subsidiary companySecured property loanThe property loan bore interest at 5.25% (2009: 5.25%) per annum and was secured by the following:(a)(b)a first legal mortgage over the development property; andcorporate guarantee from a subsidiary company and a related partyThe loan had been repaid during the year.Secured bank overdraftsThe bank overdrafts bear interest from 5.55% to 8.30% (2009: 5.55% to 8.75%) per annum and are secured by thefollowing:(a)(b)(c)(d)legal charge over the freehold land and properties of a subsidiary company;legal charge over certain leasehold land and property of a subsidiary company;corporate guarantees by certain subsidiary companies; anddebenture over the fixed and floating charge over all present and future assets of a subsidiary company.Secured banker acceptanceThe banker acceptance bears interest from 3.15% to 4.70% (2009: 3.11% to 4.98%) per annum and are secured by thefollowing:(a)(b)(c)(d)legal charge over the freehold land and properties of a subsidiary company;legal charge over certain leasehold land and property of a subsidiary company;corporate guarantees by certain subsidiary companies; anddebenture over the fixed and floating charge over all present and future assets of a subsidiary company.Unsecured term loansThe unsecured term loans bear interest from 2.30% to 5.00% (2009: 1.50% to 6.50%) per annum.Unsecured revolving loansThe unsecured revolving loans bear interest from 0.94% to 2.93% (2009: 2.35% to 4.85%) per annum.85