Annual Report 2012

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
for the year ended 31 December 2012
28 LONG-TERM LOANS
The Group’s and the Company’s long-term loans represent:
The Group The Company
Interest rate and final maturity 2012 2011 2012 2011
RMB millions RMB millions RMB millions RMB millions
Long-term bank loans
Renminbi loans Interest rates ranging from interest free to
6.9% per annum at 31 December 2012
with maturities through 2025 16,770 19,620 15,407 19,460
Japanese Yen loans Interest rates 2.6% per annum
at 31 December 2012
with maturities through 2024 785 1,179 785 1,179
US Dollar loans Interest rates ranging from interest free to
1.55% per annum at 31 December 2012
with maturities through 2031 353 415 229 253
Less: Current portion (15,387) (4,609) (15,354) (4,579)
Long-term bank loans 2,521 16,605 1,067 16,313
Long-term other loans
Renminbi loans Interest free at 31 December 2012 with
maturities through 2014 208 208 140 140
US Dollar loans Interest rates ranging from interest free
to 4.89% per annum at 31 December 2012
with maturities through 2015 19 23 10 14
Less: Current portion (79) (79) (2) (2)
Long-term other loans 148 152 148 152
Long-term loans from Sinopec Group Company and fellow subsidiaries
Renminbi loans Interest rates ranging from interest free
to 6.98% per annum at 31 December 2012
with maturities through 2020 37,700 37,763 37,455 37,518
US Dollar loans Interest rates 2.06% per annum at
31 December 2012 with maturity in 2013 186 — 178 —
Less: Current portion (288) (200) (288) (200)
Long-term loans from Sinopec Group Company and fellow subsidiaries 37,598 37,563 37,345 37,318
Total 40,267 54,320 38,560 53,783
The maturity analysis of the Group’s and the Company’s long-term loans is as follows:
The Group The Company
2012 2011 2012 2011
RMB millions RMB millions RMB millions RMB millions
Between one and two years 1,520 15,442 1,441 15,289
Between two and five years 2,378 2,340 750 1,973
After five years 36,369 36,538 36,369 36,521
Total long-term loans 40,267 54,320 38,560 53,783
At 31 December 2012, the top five long-term loans (including long-term loans due within one year) of the Group are set out below:
Remaining Remaining
Interest balance at 31 balance at 31
Lenders Borrowing dates Maturity dates Currency rate December 2012 December 2011
RMB millions RMB millions
Sinopec Group Company 18 October 2000 31 December 2020 RMB Interest free 35,561 35,561
China Development Bank 20 January 2005 20 December 2013 RMB 5.90% 5,000 7,000
Agricultural Bank of China 2 March 2010 2 November 2013 RMB 5.54% 3,500 3,500
Bank of China 31 August 2010 31 August 2013 RMB 5.54% 1,996 2,000
Bank of China 19 November 2010 18 November 2013 RMB 5.54% 1,996 2,000
Except for the balances disclosed in Note 48, there is no amount due to shareholders who hold 5% or more voting right of the Company included in
the balance of long-term loans.
Long-term loans are primarily unsecured, and carried at amortised costs.
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CHINA PETROLEUM & CHEMICAL CORPORATION Annual Report 2012
Financial Statements (PRC)