Investor Presentaiton
HKAS 1.51(a)
HKAS 1.49
25
HKFRS 7.7
(a)
HK Listco Ltd
Financial statements for the year ended 31 December 2023
NON-CURRENT INTEREST-BEARING BORROWINGS
The analysis of the carrying amount of non-current interest-bearing borrowings is as follows:
2023
2022
$'000
$'000
Bank loans (note 26)
- secured
7,680
9,054
- unsecured
43,003
41,023
50,683
50,077
Sustainability-linked bond (note 25(b)(i))
5,000
5,000
Non-derivative liabilities from convertible notes (note 25(b)(ii))
Redeemable preference shares
9,542
9,356
(note 25(b)(iii))
3,912
3,912
Loans from non-controlling shareholders of a subsidiary
(note 25(b)(iv))
3,000
3,000
HKAS 24.18(b)
Loans from fellow subsidiaries (note 25(b)(v)).
2,665
906
74,802
72,251
HKFRS 7.8(g)
HKAS 1.61
All of the above non-current interest-bearing borrowings are carried at amortised cost. None of the
non-current interest-bearing borrowings is expected to be settled within one year 202
HKFRS 7.7 & 31 (b)
Significant terms and repayment schedule of non-bank borrowings225
(i)
Sustainability-linked bond
On 31 December 2021, the group issued a eight-year sustainability-linked bond of HK$5,000,000.
The bond is unsecured and bear interest ranging from [●] % to [●] %, depending on the group's
sustainability performance in relation to reduction of greenhouse gas emission, energy consumption
and hazardous waste.
225 Paragraph 31 of HKFRS 7 contains a general requirement to disclose information that enables users of an entity's financial
statements to evaluate the nature and extent of risks arising from financial instruments to which the entity is exposed at the end of
the reporting period. This requirement is then supplemented by requirements concerning qualitative information and quantitative
information, as further explained in the footnotes to note 33.
None of these requirements in HKFRS 7 specifically require the disclosure of significant terms and conditions of all financial
instruments. Nevertheless such information may be pertinent to help users of financial statements understand the risks that arise
from the financial instruments held by the entity. For example, the disclosures concerning covenants attaching to borrowings,
which would make the borrowings repayable on demand in certain circumstances, may be pertinent to assessing the liquidity risk
faced by an entity.
Judgement is therefore required to be exercised in determining when it is necessary to make such a disclosure in respect of any
given financial instrument, or a class of financial instruments sharing similar risk characteristics, and, if so, how much detail to
disclose and whether to disclose it together with the notes to the statement of financial position, or in a separate note dealing with
the entity's financial instrument risk management policies and analyses (i.e. as illustrated here in note 33).
143
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