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Annual Report 2008
二零零八年年報
海爾電器集團有限公司
Haier Electronics Group Co., Ltd
119
Notes to Financial Statements
財務報表附註
31 December 2008
二零零八年十二月三十一日
25. Interest-Bearing Borrowings (Cont’d)
Except for the convertible notes, all 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.
26. 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 (adjusted to HK$1.8 per share as a result of the share
consolidation which became effective from 8 March 2007). 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 was originally 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.
On 18 January 2008, the outstanding aggregate principal amount
of the convertible notes of HK$170 million were fully converted,
resulted in the issue of 94,444,444 additional ordinary shares of
the Company. Accordingly, there are additions of share capital
and premium of approximately HK$9 million and HK$183 million,
respectively, and a reduction in the equity component of the
convertible notes of approximately of HK$22 million.
25. 計息借貸
（續）
除可換股票據外，本集團所有借貸均以浮動利
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。
26. 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（因於二零零七
年三月八日生效之股份合併而調整之每股1.8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，原定以長期負債列賬。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。
於二零零八年一月十八日，尚未兌換本金總額
170,000,000港元之可換股票據已全數兌換，
導致發行94,444,444股本公司額外普通股。因
此，股本及股份溢價分別增加約9,000,000港元
及183,000,000港元，而可換股票據之權益部分
則減少約22,000,000港元。
56432.27c!Opuft/joee!!!22:56432.27c!Opuft/joee!!!22: 33050311:!!!5;25;5733050311:!!!5;25;57