annual report 2014
I
Notes to the Financial Statements
31 December 2014 (Cont’d)
91
16. TRADE AND OTHER PAYABLES (cont’d)
(c)
The currency exposure profiles of payables are as follows:
Group
Company
2014
2013
2014
2013
RMB’000
RMB’000
RMB’000
RMB’000
Renminbi
83,034
124,990
72
72
Ringgit Malaysia
1,616
2,530
1,617
2,530
84,650
127,520
1,689
2,602
(d)
Information on financial risks of trade and other payables is disclosed in Note 26 to the financial statements.
17. BORROWINGS
Group
2014
2013
RMB’000
RMB’000
Secured
Short term bank loans
10,000
10,000
(a)
The short term bank loans are secured by factory buildings and warehouse, infrastructure and land use rights
with carrying amount of RMB287,683,000 (2013: RMB293,761,000), RMB21,717,000 (2013: RMB22,176,000)
and RMB22,142,000 (2013: RMB22,664,000) respectively.
(b)
On 28 September 2013, the Group obtained a 5-year term loan facility amounting to RMB130,000,000 from a
bank. The term loan facility is secured by factory buildings and warehouse, infrastructure and land use rights
with carrying amount of RMB287,683,000 (2013: RMB293,761,000), RMB21,717,000 (2013: RMB22,176,000)
and RMB22,142,000 (2013: RMB22,664,000) respectively. The borrowing has yet to be drawn down as at the
end of the financial year.
(c)
During the financial year, the Group obtained credit facilities from a bank up to RMB96,270,000. The credit
facilities are secured by staff accommodation and amenities, infrastructure, construction-in-progress and
land use rights with carrying amount of RMB204,364,000 (2013: RMB208,681,000), RMB21,717,000 (2013:
RMB22,176,000), RMB17,918,000 (2013: RMB17,918,000) and RMB24,032,000 (2013: RMB24,598,000)
respectively. The credit facilities have yet to be utilised as at the end of the financial year.
(d)
All borrowings are denominated in RMB.
(e)
Information on financial risks of borrowings is disclosed in Note 26 to the financial statements.
18. REVENUE
Group
Company
2014
2013
2014
2013
RMB’000
RMB’000
RMB’000
RMB’000
Sales of goods
530,035
646,200
–
–
Dividend income from a subsidiary
–
–
–
137,750
530,035
646,200
–
137,750
