YCP Holdings (Global) Limited
Notes to Combined Financial Statements
For the financial years ended 31 December 2019 and 2020
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26. |
INTEREST-BEARING BANK AND OTHER BORROWINGS (continued) |
Notes:
The Group's interest-bearing borrowings are unsecured, interest-bearing at between 0.5% to 6.5% (2019: 0.7% to 6.5%) per annum, repayable in 2021 - 2030 (2019: 2020 - 2025).
At the end of the reporting period, certain of the Group's bank loans and other borrowings were secured by:
(a) the pledge of the Group's equity investment at fair value through profit or loss of US$9,954,946 (2019: US$8,599,580) (Note 17) for a bank borrowing of US$5,100,464 (2019: US$6,024,646);
(b) the pledge of shares of certain subsidiaries of the Company for bank borrowings and a loan from third party of US$2,779,984 (2019: US$3,194,888);
(c) the personal guarantees by certain shareholders for bank borrowings, a loan from third party and overdraft facility of US$9,423,796 (2019: US$3,194,888); and
(d) the pledge of time deposits of US$143,450 (2019: US$147,987) for bank overdraft facilities of US$84,915 (2019: US$201,719) (Note 21).
A reconciliation of movement of liabilities to cash flows arising from financing activities is disclosed in Note 35 to the financial statements.