Lenovo 2016 Annual Report Download - page 223

221
2015/16 Annual Report Lenovo Group Limited
27 BORROWINGS (continued)
The exposure of all the borrowings of the Group to interest rate changes and the contractual repricing dates at the
end of the reporting period are as follows:
2016
US$’000
2015
US$’000
Within 1 year 745,815 1,168,274
Over 1 to 3 years 396,365 –
Over 3 to 5 years 2,108,747 1,885,848
3,250,927 3,054,122
The fair value of the long term notes as at March 31, 2016 was US$2,192 million. The carrying amounts of other
borrowings approximate their fair values as the impact of discounting is not significant.
Total bank facilities of the Group are as follows:
Total facilities Utilized amounts
2016
US$’000
2015
US$’000
2016
US$’000
2015
US$’000
Revolving loans 1,100,000 1,300,000 700,000 1,000,000
Term loan 400,000 400,000 400,000 400,000
Short-term loans 365,645 339,111 45,817 177,154
Foreign exchange contracts 9,018,134 10,530,679 6,871,910 9,821,769
Other trade finance facilities 1,277,603 1,353,244 540,123 315,562
12,161,382 13,923,034 8,557,850 11,714,485
Except for short-term loans of US$2 million with collateral at the same amount recorded as trade receivables, all
the borrowings are unsecured and the effective annual interest rates at March 31, 2016 are as follows:
United States dollar Other currencies
2016 2015 2016 2015
Term loan 2.43%1.73%N/A N/A
Short-term loans 0%-3.63%0%-3.00%N /A 0%-15.17%