NOTES ON THE ACCOUNTS (Continued)
19. LONG TERM LIABILITIES
Group
Company
1988
HK$'000
1987
HK$'000
1988
1987
HK$'000
HK$'000
Bank loans, secured
55,599
97,748
37,377
67,377
Other loans
102
497
102
497
55,701
98,245
37,479
67,874
Amount included in current liabilities
(note 15)
(49,627)
(42,544)
(37,479)
(30,396)
6,074
55,701
37,478
The above loans were repayable at the end of the year as follows:-
Group
Company
1988
1987
1988
1987
HK$'000
HK$'000
HK$'000
HK$'000
Between 1 and 2 years
6,074
49,627
37,478
Between 2 and 5 years
6,074
6,074
55,701
37,478
The company has executed an "all monies" mortgage in favour of a bank charging K.M.L. No. 112 and extension thereto and buildings erected thereon to secure general banking facilities granted to the company.
Other loans are repayable in semi-annual instalments due within five years and bear interest at the rate of 5.75% per annum.
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