Haier 2006 Annual Report Download - page 127

Notes to Financial Statements
財務報表附註 (31 December 2006)
（二零零六年十二月三十一日）
126
Haier Electronics Group Co., Ltd. Annual Report 2006
海爾電器集團有限公司 二零零六年年報
30. INTEREST-BEARING BANK AND OTHER
BORROWINGS
(Cont’d)
All interest-bearing bank and other borrowings are unsecured.
The other loans represented loans borrowed from Haier
Finance, which are guaranteed by Haier Corp, bear interest
at a rate of approximately 6% per annum and are repayable
within one year, except for borrowings of HK$78,800,000 which
are repayable between 2009 and 2011. Further details of the
interest expenses attributable to the loans borrowed from Haier
Finance are set out in note 16 to the financial statements.
Except for the convertible notes, all other borrowings of the
Group bear interest at floating interest rates. The Group’s
other loans are denominated in RMB and the convertible notes
are denominated in Hong Kong dollars.
The carrying amounts of the Group’s other borrowings
approximate to their fair values. The fair value of the liability
portion of the convertible notes is estimated at approximately
HK$150 million (2005: HK$200 million), which is calculated
by discounting the expected future cash flows at the prevailing
interest rates.
31. CONVERTIBLE NOTES
On 28 January 2005, the Company issued convertible notes
with an aggregate principal amount of HK$260 million to a
subsidiary of Haier Group, Qingdao Haier Group Holdings
(BVI) Ltd. The convertible notes have a three-year term and
are non-interest-bearing. Each note is convertible at any time
prior to the fifth business days before 27 January 2008, at
the note holder’s option, into the Company’s ordinary shares
at a conversion price of HK$0.18 per share. When the notes
were issued, the prevailing market interest rate for similar
notes without the conversion option was higher than the
interest rate at which the notes were issued.
The fair value of the liability component of the convertible
notes was determined at the issuance date, using the
prevailing market interest rate for similar debt without a
conversion option of 4.75% and is carried as a long term
liability. The remaining portion was allocated to the conversion
option that is recognised and included in shareholders’ equity.
At the issuance date, the liability and equity components of
the convertible notes were split as to HK$226,210,000 and
HK$33,790,000, respectively.
30. 計息銀行及其他借貸
（續）
所有計息銀行及其他借貸均為無抵押。
其他貸款指向海爾財務借入並由海爾集
團公司擔保之貸款，按年利率約6厘計息
及須於一年內償還，惟須於二零零九年
至二零一一年償還之借貸78,800,000港元
除外。向海爾財務借入貸款之利息支出
載於財務報表附註16。
除可換股票據外，本集團所有其他借貸
均以浮動利率計息。本集團其他貸款以
人民幣列值，而可換股票據則以港元列
值。
本集團其他借貸之賬面值與其公平值相
若。可換股票據之負債部分公平值估計
約為150,000,000港元（二零零五年：
200,000,000 港元），乃按預期日後現金
流量以當時利率貼現計算。
31. 可換股票據
於二零零五年一月二十八日，本公司向
海爾集團之附屬公司青島海爾集團控股
(BVI)有限公司發行本金額合共
260,000,000 港元之可換股票據。可換股
票據之年期為三年，不計利息。票據持
有人可於二零零八年一月二十七日前第
五個營業日前隨時以每股0.18港元之換股
價將各票據兌換為本公司普通股。當發
行票據後，並無換股權之同類票據當時
市場利率較票據發行當時之利率為高。
可換股票據之負債部分公平值於發行日
期按同類債務（並無換股權）之當時市場
利率（4.75厘）釐定，並以長期負債列
賬。剩餘部分則分配至在股東權益確認
入賬之換股權。於發行日期，已分拆之
可換股票據之負債及權益部分分別為
226,210,000港元及33,790,000港元。