NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
32 BORROWINGS
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Non-current
Secured term loans
219,030
25,152
–
–
Unsecured term loans
24,246
47,981
–
–
Fixed rate notes
–
224,357
–
224,357
243,276
297,490
–
224,357
Current
Secured term loans
80,004
–
–
–
Unsecured term loans
142,992
132,474
–
–
222,996
132,474
–
–
Total borrowings
466,272
429,964
–
224,357
Effective interest rates and maturity of liabilities
Group
Company
2014
2013
2014
2013
% per
annum
% per
annum
% per
annum
% per
annum
Floating rate loans
1.1 to 5.6
0.8 to 5.6
–
–
Fixed rate loans
0.8 to 2.6
1.7 to 2.6
–
–
Fixed rate notes
4.3
4.3
4.3
4.3
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Not later than 1 year
222,996
132,474
–
–
Later than 1 year but not later than 5 years
243,276
297,490
–
224,357
466,272
429,964
–
224,357
Secured
(a)
The secured term loans are collaterised by the following assets:
Group
2014
2013
$’000
$’000
Investment properties (note 15(d))
53,778
60,150
Associate (note 18.1(b))
305,402
–
359,180
60,150
133
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
