ANNUAL REPORT FY2015
33
FY 2015 FY 2014 FY 2013 FY 2012 FY 2011
$’000
$’000
$’000
$’000
$’000
Secured
157,193
154,839
93,910 95,738
95,701
Borrowings consists of short-term bank loans, long-term bank loans and
finance lease, secured by mortgages of the Company’s and subsidiaries’
freehold land and buildings and investment properties, including the
assignment of rental proceeds of certain investment properties of certain
subsidiaries and a floating charge on all the Company’s and subsidiaries’
assets. The Group’s obligations under finance leases are secured by the
lessor’s title to the leased asset.
From FY2011 to FY2015, the Group’s bank borrowings increased as a result
of its expansion in the Asean region, with acquisitions in Malaysia and
Thailand.
In FY2015, its borrowing grew by about $2.3 million or 1.5% year-on-year.
This was because the Group had taken a cautious expansion approach in
view of the uncertain economic outlook locally and overseas.
BORROWINGS
($’000)
95,701
95,738
93,910
154,839
157,193
FY2011
FY2012
FY2013
FY2014
FY2015
200,000
150,000
100,000
50,000
0
GROUP BORROWINGS
