NOTES ON THE ACCOUNTS
18 BANK LOANS, OVERDRAFTS AND OTHER BORROWINGS
1989
1988
HK$'000
HK$'000
Bank loans and overdrafts (Note 18a)
Other borrowings (Note 18b)
351,485
171.166
213,686
331.789
565,171
502,955
a
Bank loans and overdrafts are repayable as follows:
Within I year and included in current liabilities
118,139
73.409
After I year and included in long term liabilities
between 1 and 2 years
69.613
46,317
between 2 and 5 years over 5 years
110,705
51,440
53,028
233,346
97,757
351,485
171,166
b Other borrowings are repayable as follows:
Within I year and included in current liabilities
94,112
118,080
After ❘ year and included in long term liabilities
between 1 and 2 years
75,756
94,128
between 2 and 5 years
43,818
119,581
119,574
213,709
213,686
331,789
45
19 UNDERTAKINGS FOR CHARGE OF PROPERTIES
The title deeds of certain of the Company's properties, with a net book value of HK$146,610,000 at 31st December, 1989, have been deposited with certain banks together with agreements of undertaking to execute a legal mortgage in an event of default of the Company's obligations under the respective loan agreements.
At 31st December, 1989, the Company's liabilities covered by the above agreements of undertaking were HK$126,097,000 (1988
HK$37,191.000).
No comments yet.
Private notes are available after approval.