15 FINANCIAL LIABILITIES
(continued)
Terms and debt repayment schedule
(continued)
Currency
Nominal
interest rate
Year of
maturity
Face
value
Carrying
amount
%
$’000
$’000
Trust
2013
Secured floating rate loans AUD
3.65
2021
1,529
1,529
Secured floating rate loans EUR
1.16 – 1.72 2015 – 2021 312,923 312,266
Secured floating rate loans GBP
1.50 – 2.43 2018 – 2021
81,279
80,839
Unsecured floating rate
loans
GBP
2.29 – 2.35 2015 – 2017
40,838
40,114
Unsecured floating rate
loans
JPY
1.90
2017
36,007
35,470
472,576 470,218
Intra-group financial guarantees
Intra-group financial guarantees comprise guarantees given by the Trust to banks in respect of
various banking facilities amounting to $602,000 (2013: $1,162,000) granted to subsidiaries
which expire in 2015 and 2016.
At the reporting date, the Trust does not consider it probable that a claim will be made against
the Trust under the guarantees. The amounts and periods in which the financial guarantees
expire are as follows:
Trust
2014
2013
$’000
$’000
Less than 1 year
467
756
Between 1 and 5 years
135
406
602
1,162
Pursuing Growth | 161
