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Bank borrowings | 12 Months Ended
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Dec. 31, 2020
ZHEJIANG TIANLAN |
Bank borrowings |
|  | December 31, |
|  | 2020 |  |  | 2019 |
|  | RMB’000 |  |  | RMB’000 |
Bank loans borrowed by the Company (note i) |  |  | 10,014 |  |  |  | 21,834 |
Bank loans borrowed by subsidiaries of the Company (note ii) |  |  | 10,015 |  |  |  | 5,007 |
|  |  | 20,029 |  |  |  | 26,841 |
(i) | The bank loans are denominated in Renminbi and are repayable within 1 year. The bank loans borrowed by the Company as of December 31, 2020 bears interest at fixed rates of 4.79% (2019: 4.57% to 6.33%) per annum. Interest paid during the year ended December 31, 2020 was approximately RMB1,377,000 (2019: RMB1,991,000 and 2018: RMB2,089,000).
(ii) | The bank loans are denominated in Renminbi and are repayable within 1 year. The bank loans borrowed by subsidiaries of the Company as of December 31, 2020 bears interest at a fixed rate ranging from 4.5% to 4.79% (2019: 5.22%) 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, 2020 was approximately RMB287,000 (2019: RMB246,000 and 2018: RMB278,000).

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