China Communications Services Corporation Limited Annual Report 2015
142
NOTES TO THE
CONSOLIDATED FINANCIAL STATEMENTS
For the year ended 31 December 2015
32. INTEREST-BEARING BORROWINGS
(continued)
The Group’s long-term interest-bearing borrowings comprise:
2015
2014
RMB’000
RMB’000
USD denominated
Borrowings from banks
— secured
—
34,389
— unsecured
34,455
4,319
34,455
38,708
The Group’s long-term borrowings bearing interest rate per annum are as follows:
2015
2014
USD denominated
Borrowings from banks
— secured (fixed interest rate)
—
5.30%
— unsecured (fixed interest rate)
3.53%–4.14%
—
— unsecured (floating interest rate)
Libor+4.00%
Libor+4.00%
The Group’s borrowings were repayable as follows:
2015
2014
RMB’000
RMB’000
Within 1 year
177,005
246,818
After 1 year but within 2 years
18,221
17,378
After 2 years but within 5 years
16,234
21,330
211,460
285,526
As at 31 December 2015, certain banking facilities and borrowings from banks of the Group were secured by property,
plant and equipment with carrying amount of RMB334 million (2014: RMB356 million). Such banking facilities amounted
to RMB131 million (2014: RMB131 million). The facilities were utilised to the extent of RMB17 million (2014: RMB52
million).
As at 31 December 2015, no borrowings from bank were subject to financial covenants.
