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48
Glorious Property
Annual Report 2011
Management Discussion and Analysis -
Financial Review
(Continued)
Financial Review (Continued)
As at 31 December 2011, the Group’s total borrowings amounted to RMB14,886.0 million, representing an increase of
8.0% compared to RMB13,786.4 million as at 31 December 2010. As at 31 December 2011, the Group’s borrowings
comprised the following:
RMB’000
2011
2010
Bank borrowings
13,070,266
10,033,199
Shanghai Bay Arrangement
(1)
—
2,000,000
Senior Notes due 2015
(1)
1,890,270
1,974,000
Sub-total
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
Note:
(1) Please refer to note 20 to the consolidated financial statements for the definition of Shanghai Bay Arrangement and Senior Notes due 2015.
The maturities of the Group’s borrowings as at 31 December 2011 were as follows:
RMB’000
2011
2010
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
Total
14,886,036
13,786,395
As at 31 December 2011, the Group had total banking facilities of RMB36,815 million (2010: RMB24,638 million)
consisting of used banking facilities of RMB13,070 million (2010: RMB10,033 million) and unused banking facilities of
RMB23,745 million (2010: RMB14,605 million).