GLOBAL

20. OTHER CREDITORS AND ACCRUALS (cont'd)Movements in provision for redemption of customers' reward points were as follows:The GroupYearended31.3.2003$Balance at the beginning of the ®nancial yearÐOn acquisition of a subsidiary 1,300,000Provision made during the ®nancial year 507,000Provision utilised during the ®nancial year (697,000)Balance at the end of the ®nancial year 1,110,00021. CURRENT LIABILITIES Ð BORROWINGSThe Group2003$Bank bills payable 823,888Bank overdraft ± unsecured 171,554Bank loan ± secured 55,592Hire purchase creditors (note 25) 345,1061,396,140(a)The bank bills payable to the extent of $346,412 were secured by a pledge of ®xeddeposits of the Group and by a mortgage over the leasehold property of the Group.(b)Weighted average effective interest ratesThe weighted average effective interest rates (per annum) at the balance sheet date wereas follows:The Group2003%Bank bills payable 4.64Bank overdraft 6.25Bank loan 5.50Hire purchase creditors 9.4122. NON-CURRENT LIABILITIES Ð BORROWINGSThe Group2003$Bank loan Ð secured 2,585,427Hire purchase creditors (note 25) 417,8513,003,278E-98