Page 152 - S P Setia Annual Report 2013
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150 | Financial Statements S P SETIA BERHAD GROUP Annual Report 2013





NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2013 (CONT’D)






25. lOnG teRm BORROWinGS

Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000


Secured
Term loans 2,725,086 2,110,417 - -
Bridging loans 314,263 134,100 - -
Revolving credits 91,373 21,690 - -
Medium term note 320,517 305,000 - -
Unsecured
Term loans 800,000 - 800,000 -

4,251,239 2,571,207 800,000 -
Repayments due within the next 12 months
included under short term borrowings (see note 29) (336,155) (209,462) (100,000) -

Repayments due later than 12 months included under
non-current liabilities 3,915,084 2,361,745 700,000 -


The borrowings are repayable as follows:
Not later than one year 336,155 209,462 100,000 -
Later than one year but not later than fve years 3,592,215 2,239,523 700,000 -
Later than fve years 322,869 122,222 - -
4,251,239 2,571,207 800,000 -

The range of interest rates at the reporting date for borrowings are as follows:

Group company
2013 2012 2013 2012
% % % %

Term loans 1.38 - 6.10 1.39 - 5.14 3.85 - 4.35 -
Bridging loans 4.08 - 5.54 4.45 - 5.14 - -
Revolving credits 3.04 - 14.48 4.25 - 4.30 - -
Medium term note 4.03 4.01 - -

The long term borrowings are secured by:

• various fxed charges and deeds of assignment over various lands belonging to the Group as indicated in notes 2, 3, 4 and 15 above;
• sinking fund, debt service reserve, escrow and revenue accounts as indicated in notes 21 and 22 above; and
• a specifc debenture over the fxed and foating assets of a subsidiary company and jointly controlled entities as indicated in notes 2, 3, 4,
15, 19, 20, 21 and 22 above.
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