Lenovo 2011 Annual Report Download - page 125

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2010/11 Annual Report Lenovo Group Limited
128
NOTES TO THE FINANCIAL STATEMENTS (continued)
32 Significant related party transactions
(a) The Group had the following significant related party transactions in the normal course of business during the year:
2011 2010
US$’000 US$’000
北京聯想利泰軟件有限公司
(Beijing Legendsoft International Technology Company Limited) (an associate)
– Sales of goods 60 –
– Purchase of goods 281 165
– Service income 2,024 1,724
北京聯想調頻科技有限公司
(Beijing Legend Tiaopin Technology Limited) (a subsidiary of a substantial
shareholder of the Company)
– Purchase of goods 1,148 141
– Service income 102 573
Note: The English name of each company is a direct translation of its Chinese registered name.
The directors are of the opinion that the above transactions were conducted on normal commercial terms and in the
ordinary course of business of the Group.
(b) Key management compensation
Details on key management compensation are set out in Note 11.
33 Bank facilities
Total bank facilities of the Group are as follows:
Total facilities Utilized amounts
2011 2010 2011 2010
US$’000 US$’000 US$’000 US$’000
Revolving loans 800,000 –––
Term loans 300,000 830,000 200,000 430,000
Short-term loans 475,000 485,000 71,561 64,706
Foreign exchange contracts 4,764,000 4,175,000 3,190,000 2,641,000
Other trade finance facilities 331,000 276,000 201,000 191,000
6,670,000 5,766,000 3,662,561 3,326,706
All the bank borrowings are unsecured and the effective annual interest rates at March 31, 2011 are as follows:
United States dollar Other currencies
2011 2010 2011 2010
Term loans 3.5% 3.5%-5.2% ––
Short-term loans 1.5%-2.4% –1.5%-14.1% 5.4%-30.1%