17. Interest-bearing loans and borrowings (cont’d)
Group
Company
Effective
interest Maturity
rates dates 2015 2014 2015 2014
%
$’000 $’000 $’000 $’000
Non-current
SGD Finance lease
liabilities – secured 1.78 2018 – 2021 12,935 17,208
–
–
RMB Finance lease
liabilities – secured 6.40
2018
5
7
–
–
SGD Floating rate
– secured
2.65
1
2016 – 2020 47,218 30,152
–
–
USD Floating rate
– secured
2.54
1
2016 – 2020 31,377 129,367
–
–
RMB Floating rate
– secured
7.33
1
2016 – 2021 558
242
–
–
RMB Floating rate
– unsecured
4.97
–
–
59
–
–
SGD Fixed rate
– unsecured
4.95
2
2017 – 2018 150,000 100,000 150,000 100,000
USD Fixed rate
– secured
2.73 2016 – 2020 80,982
–
–
–
323,075 277,035 150,000 100,000
Total
473,506 438,879 150,000 100,000
1
The interest rates of floating rate loans are repriced at intervals ranging from 1 - 6
months.
2
Includes notes issued under the S$500 million Multicurrency Debt Issuance
Programme established by the Company in May 2008 and revised in March 2014.
These notes are unsecured and comprised fixed rate notes of $100,000,000 due in
March 2017 and $50,000,000 due in October 2018.
Interest-bearing loans and borrowings are secured by certain assets of the Group as
disclosed in Notes 4, 5 and 13. The Group also secured borrowings by way of corporate
guarantees from the Company and certain subsidiaries and assignment of charter income
and insurance of certain vessels of subsidiaries.
NOTES TO THE FINANCIAL
STATEMENTS
For the financial year ended 30 June 2015
ASL Marine Holdings Ltd. /Annual Report 2015
133
