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131
Glorious Property
Annual Report 2011
Notes to the Consolidated Financial Statements
(Continued)
31 December 2011
20 Borrowings
GROUP
RMB’000
2011
2010
Borrowings included in non-current liabilities:
Bank borrowings — secured (b)
3,686,123
5,811,335
Senior Notes due 2015 — secured (c)
1,897,100
1,969,617
5,583,223
7,780,952
Borrowings included in current liabilities:
Bank borrowings — secured (b)
9,302,813
3,918,435
Shanghai Bay Arrangement — secured (a)
—
2,087,008
9,302,813
6,005,443
Total borrowings
14,886,036
13,786,395
The carrying values of the borrowings are denominated in
the following currencies:
RMB
11,123,562
11,816,778
US$
3,762,474
1,969,617
Total borrowings
14,886,036
13,786,395
An analysis of the Group’s borrowings into principal amounts is as follows:
RMB’000
2011
2010
Bank borrowings (b)
13,070,266
10,033,199
Shanghai Bay Arrangement (a)
—
2,000,000
Senior Notes due 2015 (c)
1,890,270
1,974,000
14,960,536
14,007,199
Adjusted by: unamortised loan arrangement fees and accrued interests
(74,500)
(220,804)
Total borrowings
14,886,036
13,786,395
COMPANY
RMB’000
2011
2010
Borrowings included in non-current liabilities and denominated in US$:
Senior Notes due 2015 — secured (c)
1,897,100
1,969,617
Total borrowings
1,897,100
1,969,617