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12. Short term borrowings (Tables) | 12 Months Ended
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Dec. 31, 2015
ZHEJIANG TIANLAN |
Short term borrowings |
|  | 2015 |  |  | 2014 |
|  | RMB’000 |  |  | RMB’000 |
Bank loan borrowed by the Company (note i) |  |  | 40,000 |  |  |  | 92,900 |
Bank loan borrowed by a subsidiary of the Company (note ii) |  |  | 5,000 |  |  |  | 5,000 |
|  |  | 45,000 |  |  |  | 97,900 |
(i) | The bank loan is denominated in Renminbi and repayable within 1 year. The bank loan borrowed by the Company as of December 31, 2015 bear interest at fixed rates 4.62% to 6.47% (2014: 5.88% to 6.90%) per annum. Interest paid during the year ended December 31, 2015 was approximately RMB3,768,000 (2014: RMB4,688,000 and 2013: RMB3,704,000).
(ii) | The bank loan is denominated in Renminbi and repayable within 1 year. The bank loan borrowed by a subsidiary of the Company as of December 31, 2015 bear interest at fixed rates 7.50% (2014: 7.50%) per annum and are secured by the subsidiary’s office premises and leasehold improvements and land use right. Interest paid during the year ended December 31, 2015 was approximately RMB369,000 (2014: RMB377,000).

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