Page 144 - Neal and Massy Holdings Annual Report 2012

142 2012
NOTES TO THE Consolidated FINANCIAL STATEMENTS
September 30, 2012
Expressed in Thousands of Trinidad and Tobago dollars
23 Borrowings (continued)
2012 2011
$ $
Continuing operations:
The maturity of borrowings is as follows:
Payable within one year 391,230 248,061
Payable between two and five years 695,070 790,784
Payable between six and ten years 369,676 377,015
Payable over ten years - 1,995
1,455,976 1,417,855
Interest charges on secured and unsecured loans vary from 2% - 11.62% (2011: 2% - 11.62%) per annum.
The effective interest rates is as follows:
2012 2011
US TT Other US TT Other
Fixed interest mortgage loans 3.3% - 8% 7% - 9% - 3.3% - 8% 7% - 9% -
Other secured advances 2.5% - 6.71% 6.25% - 8% 5.75% - 11.62% 2.5% - 6.71% 6.25% - 8% 5.75% - 11.62%
Unsecured advances 2% - 5.5% 2.85% - 10.5% 3.25% - 4.25% 2% - 5.5% 2.85% - 10.5% 3.25% - 4.25%
Bank overdrafts and other
short term borrowings - 7.75% 10% - 14% - 7.75% 10% - 14%
The carrying amounts of the Group’s borrowings are denominated in the following currencies:
2012 2011
$ $
Continuing operations:
US dollars 254,118 276,174
Barbados dollars 440,127 464,471
Trinidad & Tobago dollars 757,780 674,561
Other 3,951 2,649
1,455,976 1,417,855