Huawei 2011 Annual Report Download - page 62

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57 /
Total 1 year or less 1 to 5 years
CNY 'million CNY 'million CNY 'million
Intra - group guaranteed bank loans:
EUR – variable at 1.83% ~ 2.81% 2,358 - 2,358
USD – variable at 1.69% ~ 1.8% 10,701 4,406 6,295
BDT – variable at 13% 49 49 -
ZAR – variable at 14% - - -
ETB - variable at 2.81% 1 - 1
DZD – xed at 5.25% 131 131 -
USD - xed at 4.33% 2,833 - 2,833
INR - xed at 11.86% 1,799 1,799 -
17,872 6,385 11,487
Unsecured bank loans:
CNY - variable at 6.12% ~ 6.35% 2,202 419 1,783
BDT - variable at 2.12% ~ 13.5% 156 156 -
VEF - xed at 18% ~ 20% 97 97 -
2,455 672 1,783
20,327 7,057 13,270
The carrying amount of the above loans and borrowings
approximates to their fair value.
All of the Group’s bank facilities are subject to the fullment
of covenants relating to certain of the Group’s balance
sheet ratios, as are commonly found in lending agreements
with banks. If the Group were to breach the covenants, the
draw down facilities would become payable on demand.
As at 31 December 2011, none of the covenants relating to
draw down facilities had been breached (2010: Nil).
Terms and conditions of outstanding loans were as follows:
Terms and debt repayment schedule
Consolidated Financial Statements Summary and Notes