/ 1 3 6
NOTES TO THE FINANCIAL STATEMENTS
C A M B R I D G E I N D U S T R I A L T R U S T
A N N U A L R E P O R T 2 0 1 5
9.
Interest-bearing borrowings (Cont’d)
‹----------- 2015-----------›
‹-----------2014-----------›
Trust
Nominal
interest rate
Year of
maturity
Face
value
Gross
carrying
amount
Face
value
Gross
carrying
amount
%
$’000
$’000
$’000
$’000
Secured
Term loan facility
– S$ floating rate loan SOR* + margin 2017 100,000 100,000 100,000 100,000
Club loan facility
– S$ floating rate loan SOR* + margin 2016
–
–
200,000 200,000
Unsecured
Term loan facility
– S$ fixed rate loan
3.60% 2019 100,000 100,000
–
–
– S$ floating rate loan SOR* + margin 2019
13,500
13,500
–
–
Loans from a subsidiary
– S$ fixed rate loan
4.10% 2020
30,000
30,000
30,000
30,000
– S$ fixed rate loan
3.50% 2018 155,000 155,000 100,000 100,000
– S$ fixed rate loan
3.95% 2020 130,000 130,000
–
–
– S$ fixed rate loan
4.75% 2015
–
–
50,000
50,000
528,500 528,500 480,000 480,000
* Swap Offer Rate.
The nominal interest rate for the S$ floating rate loans is determined by a margin plus SOR per annum.
The following are the expected contractual undiscounted cash inflows/(outflows) of interest-bearing borrowings
including interest payments and other borrowing costs, and trade and other payables:
‹----------------- Cash flow -----------------›
Group
Gross
carrying
amount
Contractual
cash flows
Within
1 year
Between
2 to 5 years
More than
5 years
$’000
$’000
$’000
$’000
$’000
2015
Non-derivative financial liabilities
Term loan facilities
– S$ floating rate loan
100,000 (104,235)
(2,635)
(101,600)
–
– S$ fixed rate loan
100,000 (112,202)
(3,393)
(108,809)
–
– S$ floating rate loan
13,500
(14,999)
(421)
(14,578)
–
Medium Term Notes
– S$ fixed rate notes
30,000
(35,324)
(1,018)
(34,306)
–
– S$ fixed rate notes
155,000 (170,443)
(4,593)
(165,850)
–
– S$ fixed rate notes
130,000 (152,537)
(4,572)
(147,965)
–
Trade and other payables*
32,634
(32,634)
(23,891)
(8,743)
–
561,134 (622,374)
(40,523)
(581,851)
–
Derivative financial asset
Interest rate swaps
(604)
430
430
–
–
560,530 (621,944)
(40,093)
(581,851)
–
