Sustainability and Governance Report
Notes to the FINANCIAL STATEMENTS
[Note
21. Trade and other payables (cont'd)
Trade and other payables denominated in currencies other than the functional currencies of respective entities at 31 March 2020 and 31 March 2019 are as follows:
Group
Company
2020
$'000
2019
$'000
2020
2019
$'000 $'000
United States Dollars
Chinese Renminbi
48
48
11
22. Bills payable
Bills payable
Group
Company
2020
2019
2020
2019
$'000
$'000
$'000
$'000
3,370
3,209
Bills payable carry interest at rates ranging from 1.77% to 1.97% (2019: 1.90% to 2.25%) per annum and are repayable within 1 to 6 months (2019: 1 to 6 months) from the
financial year end.
Bills payable are secured by corporate guarantees from the Group and personal guarantee from a director of a subsidiary.
23. Bank borrowings
Current
Bank loans - secured
Bank loans - unsecured
Bank loans
Group
Company
Maturity
2020
2019
2020
2019
$'000
$'000
$'000 $'000
2020
725
4,022
2020
1,648
2,373
4,022
Bank loans are secured by corporate guarantees of the Group, restricted fixed deposits placed with the respective banks.
The weighted average effective interest rates at the end of the reporting period are as follows:
Bank loans
86
Group
Company
2020
2019
2020
%
%
%
2019
%
2.14
3.28View entire presentation