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Bank borrowings (Tables)
 12 Months Ended
Dec. 31, 2019
ZHEJIANG TIANLAN  
Bank borrowings
    December 31,  
    2019     2018  
    RMB’000     RMB’000  
             
Bank loan borrowed by the Company (note i)     21,834       40,000  

Bank loan borrowed by a subsidiary of the Company

(note ii)

     5,007       5,000  
                 
      26,841       45,000  

 

(i) The bank loan is denominated in Renminbi and is repayable within 1 year. The bank loan borrowed by the Company as of December 31, 2019 bears interest at fixed rates ranged from 4.57% to 6.33% (2018: 5.0025% to 6.74%) per annum. Interest paid during the year ended December 31, 2019 was approximately RMB1,991,000 (2018: RMB2,089,000 and 2017: RMB1,720,000).

 

(ii) The bank loan is denominated in Renminbi and is repayable within 1 year. The bank loan borrowed by a subsidiary of the Company as of December 31, 2019 bears interest at fixed rates 5.22% (2018: 5.66%) per annum and is secured by the subsidiary’s office premises and leasehold improvements and land use right. Interest paid during the year ended December 31, 2019 was approximately RMB246,000 (2018: RMB278,000 and 2017: RMB272,000).