XML 38 R26.htm IDEA: XBRL DOCUMENT

13A. Short term bank loans

12 Months Ended

Dec. 31, 2015

The short term loans as of December 31, 2015 bear interest at fixed rates ranging from 5.34% to 6.63% per annum with maturity dates from March 19, 2016 to December 16, 2016 and are secured by the Company’s buildings and land use right. Interest paid during the years ended December 31, 2015 and 2014 were approximately RMB 3,799,000 and RMB 2,209,000 respectively.

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).