NOTES
ON THE
ACCOUNTS
17 BANK LOANS, OVERDRAFTS AND OTHER BORROWINGS
1990
HK$'000
1989 HK$'000
Bank loans and overdrafts (Note 17a)
Other borrowings (Note 17b)
326,814
351,485
119,587
213,686
446,401
565,171
a Bank loans and overdrafts are repayable as follows:
Within 1 and included in currrent liabilities
year
106,362
118,139
After 1 year and included in long term liabilities
between 2 and 5 over 5 years
between 1 and 2
years years
63,608
69,613
116,844
110,705
40,000
53,028
220,452
233,346
326,814
351,485
b Other borrowings are repayable as follows:
Within 1 and included in current liabilities
year
75,769
94,112
After 1 year and included in long term liabilities.
between 1 and 2 years
43,818
75,756
between 2 and 5 years
43,818
43,818
119,574
119,587
213,686
18 UNDERTAKINGS FOR CHARGE OF PROPERTIES
The title deeds of certain of the Company's properties, with a net book value of HK$155,817,000 at 31st December, 1990, 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, 1990, the Company's liabilities covered by the above agreements of undertaking were HK$112,000,000 (1989 - HK$126,097,000)
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