Huawei 2015 Annual Report Download - page 88

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86
At December 31, 2015, the Group held CNY15,312 million (2014 CNY5,589 million) of cash in two multicurrency
pooling arrangements used to meet its day to day cash requirements and also to economically hedge foreign
exchange rate movements arising from foreign currency cash flows. The facilities allows participating subsidiaries
to place deposits and borrow funds from the counterparty banks, in substance to hold long and short positions, in
any freely convertible currency subject to the overall balance on the pools being positive.
24 Loans and borrowings
Contractual terms of the Group's loans and borrowings are summarised below.
2015 2014
CNY million CNY million
Short-term loans and borrowings:
– Intra-group guaranteed 568 1,891
– Unsecured 1,299 –
1,867 1,891
Long-term loans and borrowings:
– Intra-group guaranteed 15,534 22,254
– Factoring (note 21(e)) 2,443 –
– Unsecured 1,150 1,382
– Corporate bond 7,992 2,581
27,119 26,217
28,986 28,108
Non-current portion 26,501 17,578
Current portion 2,485 10,530
28,986 28,108
Intra-group guaranteed loans are borrowings which have been issued by one group entity but contractual payments
of principal and interest are guaranteed by another group entity.