Huawei 2015 Annual Report Download - page 89

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87
Terms and repayment schedule
A summary of the main terms and conditions of outstanding loans and borrowings are as follows:
Interest rate Total 1 year or less 1 to 5 years over 5 years
CNY million CNY million CNY million CNY million
Intra-group guaranteed
bank loans:
Euro (EUR) variable 1.15% ~ 1.5% p.a. 2,828 –2,828 –
Indian Rup variable 8.8% ~ 9.2% p.a. 408 408 – –
Kazakhstan
Tenge (KZT) fixed 7% p.a. 71 71 – –
KZT fixed 8.5% p.a. 35 35 – –
Nepal Rupee fixed 7.5% p.a. 28 28 – –
Russian Ruble variable 12.86% ~ 13.16% p.a. 61 61 – –
United States
dollar (USD) variable 1.15% ~ 1.83% p.a. 11,3 40 –11,340 –
CNY variable 5.53% ~ 6.15% p.a. 1,331 226 537 568
16,102 829 14,705 568
Factoring:
USD variable 3.97% ~ 4.55% p.a. 2,443 –723 1,720
Unsecured bank loan:
Hugarian Forint fixed 4.36% p.a. 78 – – 78
CNY variable 4.90% ~ 5.54%p.a. 1,072 357 381 334
USD variable 1.10% p.a. 1,299 1,299 – –
2,449 1,656 381 412
Corporate bond:
CNY fixed 4.55% p.a. 1,589 –1,589 –
USD fixed 4.125% p.a. 6,403 – – 6,403
7,9 92 –1,589 6,403
28,986 2,485 17,39 8 9,103
The carrying amount of the above loans and borrowings approximates to their fair value.
Certain of the Group's banking facilities are subject to compliance with normal covenants relating to certain of
the borrower's statement of financial position ratios. If the Group were to breach the covenants, the drawn down
facilities would become payable on demand. The Group regularly monitors its compliance with these covenants.
As at December 31, 2015 and 2014, none of the covenants relating to draw down facilities had been breached.