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Notes to the Consolidated Financial Statements

For the year ended 31 December 2010

29.Derivative financial instruments

Foreign currency derivative contracts

2010

2009

HK$000

HK$000

362

591

The Group used foreign currency derivative contracts to manage its exposure to foreign exchange rate movements on its operations in Hong Kong (2009: the United Kingdom, Australia and New Zealand). The Group is required to sell or buy Euro against Hong Kong dollars (2009: Pound Sterling, Australian dollars and New Zealand dollars against United States dollars) at contracted rates under these derivative contracts. At the end of the reporting period, the unexpired notional amount of Euro 421,000 (equivalent to HK$4,367,000) of these outstanding derivatives contracts will fully expire by the end of year 2011 (2009: 2010).

The fair values of foreign currency derivative contracts at the end of reporting periods are provided by counterparty banks.

30.Borrowings

31.12.2010 HK$000

31.12.2009 HK$000 (restated)

1.1.2009 HK$000 (restated)

2,469,881 1,019,641

3,439,513 1,077,200

7,563 3,277,092 1,148,396

3,489,522 (5,254)

4,516,713 (12,345)

4,433,051 (9,961)

3,484,268

4,504,368

4,423,090

798,318

247,040

1,668,963

2,559,211

1,601,329

150,907

126,739

2,655,999

2,603,220

3,484,268

4,504,368

4,423,090

(798,318)

(467,040)

(1,928,963)

2,685,950

4,037,328

2,494,127

Bills payable Bank loans and revolving loans (secured) Other non-current loans (secured)

Loan front-end fee

The maturity of the above loans based on scheduled repayment terms is as follows:

On demand or within one year More than one year but not exceeding two years More than two years but not exceeding five years

Less: Amounts due within one year shown under current liabilities (note)

Amounts due after one year

Note: Amounts include a bank loan that contains repayment on demand clause of HK$220,000,000 (31.12.2009: HK$260,000,000; 1.1.2009: HK$295,000,000).

Great Eagle Holdings Limited

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