XML 50 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
Short-term borrowings
 12 Months Ended
Dec. 31, 2011
Short-term borrowings
13. Short-term borrowings

 

The breakdown of short-term borrowings due to financial institutions, together with contractual interest rates, is as follows:

 

    December 31,  
(In thousands of US$)   2011     2010  
Advances from financial institutions:                
At fixed interest rates     1,005,357       1,000,400  
At floating interest rates     318,109       95,000  
Total short-term borrowings     1,323,466       1,095,400  
Average outstanding balance during the year     1,100,059       541,978  
Maximum balance at any month-end     1,323,466       1,095,400  
Range of fixed interest rates on borrowings in U.S. dollars     0.84% to 2.64%       0.69% to 1.65%  
Range of floating interest rates on borrowings in U.S. dollars     1.11% to 2.01%       0.85% to 1.29%  
Fixed interest rate on borrowings in Euros     2.98 %     -  
Fixed interest rate on borrowings in Renminbis     6.65 %     -  
Floating interest rate on borrowings in Mexican pesos     5.70 %     -  
Weighted average interest rate at end of the year     1.84 %     1.13 %
Weighted average interest rate during the year     1.22 %     1.20 %