99 / 170
2016
R’000
2015
R’000
24.
BORROWINGS
(continued)
Total borrowings comprise
Foreign subsidiaries borrowings
6 181 866
6 355 545
South African subsidiary borrowings
1 006 288
–
Foreign subsidiaries overdraft
–
4
7 188 154
6 355 549
%
%
Effective weighted average rate of interest on
South African borrowings excluding overdrafts
8,5
–
Foreign borrowings excluding overdrafts
2,0
2,1
2016
Currency
Nominal
interest rate
%
Financial
year of
maturity
R’000
2015
R’000
Terms and debt repayment schedule
Terms and conditions of outstanding loans were:
Borrowings of South African subsidiaries
Unsecured loans
ZAR
8,5
2017 1 006 288
–
Borrowings of foreign subsidiaries
6 181 866
5 233 350
Loans secured by mortgage bonds over fixed property
GBP
2,2 – 2,7 2020 – 2022 42 014
7 344
EUR
1,6 – 10,0 2017 – 2022 23 554
–
CZK
1,9
2020 12 868
14 028
Loans secured by lien over certain property, plant and equipment
in terms of financial leases and suspensive sale agreements
GBP
3,4 – 6,6 2017 – 2019
4 270
1 302
PLN
2,2 – 2,3 2020 – 2021 41 973
37 900
EUR
1,7 – 6,1 2017 – 2022 232 773
119 420
BRL
2,5 – 18,2 2017 – 2018
5 349
–
Unsecured borrowings
GBP
0,0 – 9,6 2018 – 2023 535 563
365 913
EUR
0,0 – 3,2 2017 – 2021 2 739 544
2 220 621
HKD
0,9 – 3,3 2016 – 2018 1 415 240
1 172 791
SGD
1,3 – 2,5 2017 – 2019 656 758
740 089
CZK
1,5 – 5,0 2017 – 2019 233 866
376 705
PLN
2,8 – 3,6 2017 – 2020 49 408
30 968
CLP
0,0 – 8,9 2017 – 2022 71 138
62 765
AED
0,0 – 5,0 2017 – 2022 52 621
43 191
USD
1,9
2017 50 576
–
Other
0,0 – 15,0 2017 – 2022
14 351
15 086
NZD
–
–
–
25 227
Total interest-bearing borrowings
7 188 154
5 233 350
The expected maturity dates are not expected to differ from the contractual maturity dates.
Refer to note 32 for further disclosure.
Bidcorp Limited Annual integrated report 2016 |
Page 95
Financial overview