Untitled - Swissco Holdings Limited

NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2005
21. Borrowings (continued)
(c)
Interest rate risk
The weighted average effective interest rates at the balance sheet date are as follows:
The Group
2005 2004
% %
Short term advances 5.50 –
Finance lease liabilities 2.76 2.62
Bank loans 5.00 5.58
The exposure of borrowings of the Group to interest rate changes and the periods in which
the borrowings reprice are as follows:
Less than 6 6 to 12 1 to 5 Over 5
The Group months months years years Total
$ $ $ $ $
At 31 December 2005 3,479,448 274,108 1,626,278 – 5,379,834
At 31 December 2004 308,011 164,189 888,526 24,974 1,385,700
(d)
Carrying amounts and fair values
The carrying amounts of borrowings approximate their fair values.
(e)
Undrawn borrowing facilities
The Group has the following undrawn borrowing facilities:
The Group
2005 2004
$ $
Floating rates
– Expiring within one year 10,512,750 –
10,512,750 –
(f)
All the borrowings are denominated in Singapore dollar.
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