107
ANNUAL REPORT 2015/2016
Notes to Financial Statements
25
BORROWINGS
THE GROUP
2016
2015
$’000
$’000
Current borrowings
279,455
192,623
Non-current borrowings
60,897
113,833
340,352
306,456
Non-current borrowings are repayable within 2 – 3 years from balance sheet date.
Details of the outstanding borrowings are as follows:
2016
2015
2016
2015
Currency
Nominal
interest rate
Nominal
interest rate
Source
currency
Local
currency
Source
currency
Local
currency
%
%
$’000 $’000
$’000 $’000
Term loan
AUD 3.28% to 4.27% 4.07% to 5.25% 139,060
143,385
95,000 99,389
Term loan
NZD 4.14% to 5.30% 4.07% to 5.25% 24,620
22,911
24,620 25,283
Term loan
AUD 4.10% to 4.26% 4.59% to 4.69% 85,706
88,371
85,706 89,666
Term loan
AUD 3.49% to 3.69% 3.72% to 4.30% 60,000
61,866
60,000 62,772
Term loan
AUD 4.02% to 4.23% 4.29% to 4.66% 23,100
23,819
28,050 29,346
Total interest-bearing borrowings
340,352
306,456
The term loans are secured by legal mortgages on certain properties of the subsidiaries.
