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133
Glorious Property
Annual Report 2011
Notes to the Consolidated Financial Statements
(Continued)
31 December 2011
20 Borrowings
(Continued)
(d) The maturities of the Group’s and the Company’s total borrowings at the balance sheet date are as follows:
GROUP
RMB’000
2011
2010
Amounts of borrowing that are repayable:
— Within 1 year
9,302,813
6,005,443
— After 1 and within 2 years
2,518,952
3,465,631
— After 2 and within 5 years
2,638,185
3,754,548
— After 5 years
426,086
560,773
14,886,036
13,786,395
Comprising amounts of borrowings that are:
— wholly repayable within 5 years
14,273,092
12,958,071
— wholly repayable after 5 years
612,944
828,324
14,886,036
13,786,395
COMPANY
RMB’000
2011
2010
After 2 and within 5 years
1,897,100
1,969,617
(e) The fair value of the Senior Notes due 2015 as at 31 December 2011 was approximately RMB1,323,189,000 (2010:
RMB2,040,721,000). It was determined directly by references to the price quotations published by the Singapore
Exchange Securities Trading Limited on 30 December 2011, the last dealing date of 2011. The fair values of the
Group’s other current and non-current borrowings approximate their carrying amounts at each balance sheet date.
(f) As at 31 December 2011, the Group’s and the Company’s effective interest rates are 10.9% and 13.2% respectively
(2010: 11.9% and 13.2% respectively).
(g) The exposure of the Group’s borrowings to interest-rate changes and the contractual repricing dates (or maturity
date whichever is earlier) are as follows:
GROUP
RMB’000
2011
2010
Within 6 months
9,950,846
7,404,214
Between 7 and 12 months
2,687,077
2,902,247
Between 13 months and 5 years
2,248,113
3,479,934
14,886,036
13,786,395
COMPANY
RMB’000
2011
2010
Between 13 months and 5 years
1,897,100
1,969,617