WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
144
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2016
25. BANK BORROWINGS
THE GROUP
2016
2015
HK$’000
HK$’000
Carrying amount of bank borrowing repayable (Note i):
Within one year
230,768
149,610
Carrying amount of bank loans contain a repayment on
demand clause that are repayable in:
– One to two years
20,000
20,000
– Two to five years
–
20,000
250,768
189,610
Less: Amounts shown under current liabilities
(250,768)
(189,610)
Non-current portion
–
–
Analysed as:
Secured (Note ii)
48,768
20,610
Unsecured
202,000
169,000
250,768
189,610
Notes:
(i)
The amounts due are based on scheduled repayment dates set out in the loan agreements.
(ii)
Trade receivables are pledged as collateral to secure the bank borrowing. Details regarding the pledged
assets are set out in Note 10.
At March 31, 2016, the Group’s fixed rate borrowing with carrying amount of approximately
HK$160,000,000 (2015: HK$77,000,000) are due within one year.
In addition, the Group has variable rate borrowings at March 31, 2016, the interest rates reprice
at 0.4% to 2.75% (2015: 0.4% to 2.75%) per annum over respective bank’s cost of fund, HIBOR,
LIBOR or TAIFX3 for the floating rate loans.
