A N N U A L R E P O R T 2 0 1 6
112
NOTES TO THE
FINANCIAL STATEMENTS
For the Financial Year Ended 31 March 2016
25.
Bank loans
Group
Company
2016
2015
2016
2015
$＊000
$＊000
$＊000
$＊000
Current
944
897
每
每
Non-current
6,976
7,331
每
每
7,920
8,228
每
每
Bank loans comprise:
Loan 1
2,296
2,632
每
每
Loan 2
641
729
每
每
Loan 3
4,983
4,867
每
每
7,920
8,228
每
每
Loan 1: The loan bears interest rate at 1.3% per annum above the bank＊s prevailing cost of funds. This loan, denominated in Singapore
Dollars, is secured by a first legal mortgage over certain of the Group＊s leasehold buildings (Note 11) and corporate guarantee provided by
the Company. The loan is repayable over 119 monthly installments from February 2013 and a final installment on 2 January 2023.
Loan 2: The loan bears interest rate at 1.5% per annum above the bank＊s prevailing cost of funds. This loan, denominated in Singapore
Dollars, is secured by a first legal mortgage over certain of the Group＊s leasehold buildings (Note 11) and corporate guarantee provided by
the Company. The loan is repayable over 119 monthly installments from February 2014 and a final installment on 1 January 2024.
Loan 3: The loan bears interest rate at 1.3% per annum above the bank＊s prevailing cost of funds. This loan, denominated in Singapore
Dollars, is secured by a first legal mortgage over certain of the Group＊s leasehold buildings (Note 11) and corporate guarantee provided by
the Company. The loan is repayable over 119 monthly installments from September 2015 and a final installment on 1 October 2025.
26.
Finance lease liabilities (Note 30(c))
Finance lease liabilities are secured by a charge over the leased assets (Note 11). The average discount rate implicit in the leases ranges
from 2.9% to 3.8% (2015: 2.9% to 5.58%) per annum.
