IHH Healthcare Berhad
l
Annual Report 2014
166
Notes to the Financial Statements
20. Loans and borrowings
Group
2014
RM’000
2013
RM’000
Non-current
Secured
Bank borrowings
1,102,616
1,134,517
Finance lease liabilities
110,648
160,809
Unsecured
Bank borrowings
2,379,512
2,874,920
3,592,776
4,170,246
Current
Secured
Bank borrowings
167,734
158,480
Finance lease liabilities
53,196
59,152
Unsecured
Bank borrowings
455,612
73,403
676,542
291,035
4,269,318
4,461,281
Bank borrowings and bank overdraft
Included in the loans and borrowings:
(a)
Unsecured SGD denominated loan of RMNil (2013: RM12.4 million), representing a 5-year term loan obtained in 2010 with repayments
due by 2015, and bears interest rates of Singapore Swap Offer Rate (“SOR”) + 1.05% per annum. This loan was fully repaid in June 2014.
(b)
Unsecured SGD denominated bank borrowings of RM375.5 million (2013: RM1,007.9 million), representing a 5-year term loan obtained in
2013, with repayments due in 2018, and bear interests at rate of SOR+1.05% (2013: SOR+1.05%) per annum.
(c)
Unsecured SGD denominated loan of RM595.1 million (2013: RM573.5 million) representing a 5-year term loan obtained in December
2012 with repayments due by 2017, and bears an interest rate of SOR+1.05% (2013: SOR+1.05%) per annum.
(d)
Unsecured SGD denominated loans of RM466.0 million (2013: RM216.5 million) bear interest at the rate of SOR+0.9% and bank’s cost of
funds (2013: SOR+0.9% and bank’s cost of funds) per annum and have repayment periods ranging from 2015 – 2020 (2013: 2014 – 2016).
(e)
Following bank borrowings and interest rate associated with the subsidiaries of the Group in Turkey:
i)
SecuredUSDdenominated loans of RM1,095.9million (2013: RM1,132.5million) bear interests at the rate of 3-month London Interbank
Offer Rate (“LIBOR”)+1.75% - 6.35% (2013: 3-month LIBOR+1.75% - 6.5%) per annum and have repayment periods ranging from
2015 - 2019 (2013: 2014 – 2019).
ii)
Secured Macedonian Denar (“MKD”) denominated loan of RM5.8 million (2013: RM8.9 million), bears interest at 6.5% (2013: 6.5%)
per annum with repayments due by 2015 (2013: 2014).
iii)
Secured Euro denominated loans of RM195.1 million (2013: RM68.2 million), bear interests at the rate of 6 month Euro Interbank
Offer Rate (“Euribor”)+0.7% and 5% (2013: 6 month Euribor + 0.7%) per annum, and are due for repayment in 2017 (2013: 2018).
iv)
Unsecured Turkish Lira (“TL”) denominated bank borrowings of RM246.4 million (2013: RM61.9 million), bear interests at rate of 0%
- 12.5% (2013: 0% - 10.3%) per annum, and have repayment periods ranging from 2015 – 2017 (2013: 2014 – 2015).
