21 LOANS AND BORROWINGS
(continued)
For certain loans the Group is obliged to comply with a number of financial covenants, including maintaining certain financial
ratios. All covenants were complied for the above unsecured bank loans during the financial year.
The following are the expected contractual undiscounted cash outflows of financial liabilities:
Carrying
amount
Contractual
cash flows
Less than
12 months
1 to
5 years
$’000
$’000
$’000
$’000
Group
2015
Variable interest rate loans
14,473
(14,636)
(14,636)
–
Fixed interest rate loans
4,987
(5,431)
(173)
(5,258)
Accrued contingent consideration
163
(163)
(163)
–
Trade and other payables*
93,889
(94,356)
(89,196)
(5,160)
113,512
(114,586)
(104,168)
(10,418)
2014
Variable interest rate loans
19,968
(20,096)
(20,096)
–
Accrued contingent consideration
6,300
(6,300)
(6,300)
–
Trade and other payables*
81,935
(82,114)
(79,320)
(2,794)
108,203
(108,510)
(105,716)
(2,794)
Company
2015
Variable interest rate loans
5,000
(5,077)
(5,077)
–
Fixed interest rate loans
4,987
(5,431)
(173)
(5,258)
Accrued contingent consideration
163
(163)
(163)
–
Trade and other payables*
37,575
(37,575)
(37,575)
–
47,725
(48,246)
(42,988)
(5,258)
2014
Variable interest rate loans
10,000
(10,070)
(10,070)
–
Accrued contingent consideration
6,300
(6,300)
(6,300)
–
Trade and other payables*
35,638
(35,638)
(35,638)
–
51,938
(52,008)
(52,008)
–
* Exclude accrued contingent consideration and prepayments
96
TELECHOICE INTERNATIONAL LIMITED
2015 ANNUAL REPORT
NOTES TO THE
FINANCIAL STATEMENTS
