NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) E4 Borrowings Group Note Non-current Current Total $’000 $’000 $’000 31 December 2024 Bank loans (a) 369,129 9,955 379,084 Commercial papers (b) – 1,818,963 1,818,963 Medium-term notes (c) 2,030,465 1,019,709 3,050,174 Lease liabilities (d) 476,838 96,477 573,315 2,876,432 2,945,104 5,821,536 31 December 2023 Bank loans (a) 72,810 578,438 651,248 Commercial papers (b) – 1,898,687 1,898,687 Medium-term notes (c) 2,956,501 – 2,956,501 Lease liabilities (d) 515,120 86,536 601,656 3,544,431 2,563,661 6,108,092 (a) Bank loans Currency Effective interest rate Maturity Group 2024 2023 2024 2023 2024 2023 % % $’000 $’000 Bank loans USD – 6.5 – 2024 – 148,601 EUR 1.4 – 1.6 1.4 – 1.6 2026 – 2029 2026 – 2029 34,409 43,835 SGD 2.5 3.7 – 4.1 2027 2024 300,000 420,000 CNH 2.7 2.7 2026 – 2027 2026 44,675 38,812 379,084 651,248 – Unsecured 361,943 629,038 – Secured 17,141 22,210 At the end of the year 379,084 651,248 There are bank loans which are secured by assets as follows: Secured by Loan amount ($) Certain property, plant and equipment of subsidiaries – $6,355,000 (2023: $9,892,000) Subsidiary’s land use right – $10,786,000 (2023: $12,318,000) All bank loans are denominated in the respective entities’ functional currency. 223 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT
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