Annual Report 2012 - e-KONG Group Limited

24. BANK BORROWINGSThe bank loans are repayable as follows:Consolidated2012 2011HK$’000 HK$’000Bank loans due, secured:Within one year 3,069 –After one year but within two years 5,115 –After two years but within five years 77,500 –85,684 –The bank loans are denominated in the following currencies:Consolidated2012 2011HK$’000 HK$’000United States dollars (a) 77,500 –Singapore dollars (b) 8,184 –85,684 –Consolidated2012 2011HK$’000 HK$’000Reported as:Current liabilities 3,069 –Non-current liabilities 82,615 –85,684 –(a)(b)The loan bears interest at floating rate. The loan is collateralised by bank letter of credit supported by the Company and isrepayable in August 2017.The loan requires monthly principal and interest payments over three years. The loan bears interest at floating rate and is securedby net assets of a subsidiary in Singapore. The loan is repayable in August 2015.Annual Report 2012 73