Page 155 - S P Setia Annual Report 2013
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Annual Report 2013 S P SETIA BERHAD GROUP Financial Statements | 153





NOTES TO THE FINANCIAL STATEMENTS

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






29. SHORt teRm BORROWinGS
Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000

Secured:
Current portion of long term borrowings (see note 25) 236,155 209,462 - -
Revolving credits 59,895 99,189 - -
Short term loan 12,504 7,753 - -

Unsecured:
Current portion of long term borrowings (see note 25) 100,000 - 100,000 -
Short term loan - 50,000 - 50,000
Revolving credits 145,000 300,000 140,000 300,000
Bridging loan - 500,000 - 500,000
553,554 1,166,404 240,000 850,000


The range of interest rates at the reporting date for borrowings are as follows:
Group company
2013 2012 2013 2012
% % % %


Secured:
Current portion of long term borrowings (see note 25) 4.06 - 14.25 2.75 - 5.00 - -
Revolving credits 4.37 - 14.48 2.75 - 4.43 - -
Short term loan 5.54 - 12.90 13.00 - -

Unsecured:
Current portion of long term borrowings (see note 25) 4.35 - 4.35 -
Short term loan - 4.03 - 4.03
Revolving credits 4.11 - 4.70 4.05 - 4.45 4.11 4.05 - 4.45
Bridging loan - 4.14 - 4.14

The secured short term borrowings of the Group are secured by:
• fxed charges over various lands belonging to the Group as indicated in notes 2, 3, 4 and 15 above.
• 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.

The currency exposure profle of short term borrowings is as follows:

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

Ringgit Malaysia 504,118 1,120,742 240,000 850,000
US Dollar 4,107 - - -
Australian Dollar 45,326 - - -
Sterling Pound - 37,909 - -
Vietnamese Dong 3 7,753 - -
553,554 1,166,404 240,000 850,000
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