Unsecured bonds Medium term notes
Less: Amounts due within one year shown under current assets
Amounts due after one year
At 31 December 2010, the Group held unsecured bonds and medium term notes with principal amounts of HK$72,126,000 (2009: HK$269,980,000) and HK$157,740,000 (2009: HK$157,551,000), respectively, issued by reputable financial institutions.
The unsecured bonds are denominated in United States dollars and Australian dollars and carry annual fixed coupon interest rates ranging from 5.125% to 7.0% (2009: 4.125% to 7%) per annum or bank-bill reference rate in Australia plus certain spread with maturity dates ranging from January 2011 to August 2012 (2009: July 2010 to August 2017), while the medium term notes, which are denominated in Hong Kong dollars and United States dollars, carry interest at fixed rates ranging from 3% to 5.15% (2009: 3% to 5.15%) per annum in the first six to twelve months starting from the issue dates and at variable rates based on either 3-month LIBOR or 3-month HIBOR thereafter till the maturity dates in August 2012 (2009: ranging from August 2010 to August 2013).
23.Amounts due from associates
The amounts due from associates are unsecured, interest-free and have no fixed repayment terms. The associates are not expected to repay within twelve months from the end of the reporting period and the balances are classified as non-current.
Annual Report 2010