/ . 9 0
E U R O S P O R T S G L O B A L L I M I T E D
Notes to
the F iNaNci al statemeNts
3 1 ma r ch 2 0 1 5
20 . ot he r F i nanc i a l L i ab i l i t i e s
group
2015
$’000
2014
$’000
non-current:
Financial instruments with floating interest rates
Bank loans (secured) (Note 20A)
9,840
10,592
Financial instruments with fixed interest rates
Finance leases (Note 20C)
467
1,557
Non-current, total
10,307
12,149
Current:
Financial instruments with floating interest rates
Bank loans (secured) (Note 20A)
1,378
773
Trust receipts and bills payables (secured) (Note 20B)
4,429
644
Financial instruments with fixed interest rates
Finance leases (Note 20C)
1,587
1,223
Current, total
7,394
2,640
Total
17,701
14,789
The non-current portion is repayable as follows:
Due within 2 to 5 years
3,707
4,843
After 5 years
6,600
7,306
Non-current, total
10,307
12,149
The range of floating rate interest rates paid was as follows:
group
2015
%
2014
%
Bank overdrafts
–
5.00
Bank loans
1.58 – 2.68 1.28 – 1.58
Trust receipts and bills payables
2.00 – 5.00 4.00 – 7.25
20a. bank overdrafts and bank Loans
The bank agreements for certain of the bank overdrafts and bank loans provide among other matters for the following:
(a)
A legal mortgage over the leasehold properties under construction in progress;
(b)
Joint and several guarantees from the Executive Directors of the Company; and
(c)
Corporate guarantee by the Company.
The bank loan is repayable monthly from March 2013 by 180 instalments of approximately $76,000 per month.
