Annual Report 2011 - Goodbaby International Holdings Limited

NOTES TO FINANCIAL STATEMENTS
31 December 2011
28.INTEREST–BEARING BANK BORROWINGS
gb international
Group
2011 2010
Effective Effective
interest rate interest rate
(%) Maturity HK$’000 (%) Maturity HK$’000
Current
Unsecured bank loans
Bank borrowings
pledged by intra-group
3.66-6.26 2012 86,725 4.37 - 4.86 2011 167,149
trade receivables 3.90-4.60 2012 239,773 1.05 - 1.06 2011 152,441
Subtotal 326,498 319,590
Non-current
Unsecured bank loans – – – 4.86 2012 152,779
Total 326,498 472,369
All short-term bank borrowings were obtained from third party financial institutions. As at 31
December 2011, a subsidiary had pledged trade receivables of approximately HK$256,835,000(
2010: HK$167,162,000) to secure certain of the Group’s bank loans and these trade receivables had
been eliminated at the group level.
Group
2011 2010
(HK$’000) (HK$’000)
Analyzed into:
Bank loans repayable:
Within one year 326,498 319,590
In the second year, inclusive – 152,779
326,498 472,369
The carrying amounts of the Group’s current interest-bearing bank borrowings approximate to
their fair values due to their short term maturity.
The carrying amount of the Group’s long term borrowings approximates to their fair value because
of the floating interest rate.