2012 Annual Report - ZTE

ZTE CORPORATIONNotes to Financial Statements(Prepared under Hong Kong Financial Reporting Standards)31 December 201234. INTEREST-BEARING BANK BORROWINGS (continued)CompanyCurrent2012 2011Effectiveinterest rate(%) Maturity RMB’000Effectiveinterest rate(%) Maturity RMB’000Bank loans — unsecured 2.79-6.89 2013 3,206,390 4.78-7.7 2012 2,320,000Bank loans — unsecured Libor+1.90-4.50 2013 6,096,935 Libor+2.0-5.25 2012 4,892,244Bank loans — secured — — — 9 2012 16,883Non-current9,303,325 7,229,127Bank loans — unsecured — — — 4.76 2013 500,000Bank loans — unsecured — — — Libor+3.8 2014 630,090— 1,130,0909,303,325 8,359,217GroupCompany2012 2011 2012 2011RMB’000 RMB’000 RMB’000 RMB’000Analysed into:Bank loans repayable:Within one year or on demand 18,429,893 11,876,448 9,303,325 7,229,127In the second year 12,571 506,301 — 500,000In the third to fifth years, inclusive 977,419 6,434,401 — 630,09019,419,883 18,817,150 9,303,325 8,359,217Notes:Except for bank loans of approximately RMB4,127,020,000 (2011: RMB7,003,697,000) which are denominatedin Renminbi, all the Group’s and the Company’s borrowings are in United States dollars and other foreigncurrencies.Except for bank loans with a carrying amount of RMB6,204,308,000 (2011: RMB4,291,197,000), all borrowingsof the Group bear interest at floating interest rates.396