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Tiger Brands Limited integrated annual report
2015 163
COMPANY
GROUP
2015
2014
(R’million)
2015
2014
31 Borrowings
142,3
169,3
31.1 Secured loans
613,3
1 009,9
Loan bearing interest at 4,0% per annum, repayable by
2016 (denominated in euro)
2,9
5,4
142,3
169,3
Loan bearing interest at 6,8% per annum, repayable by
2018 (denominated in CAF franc)
142,3
169,3
Loan bearing interest at 12,0% per annum, repayable by
2020 (denominated in Kenyan shilling)
35,3
39,0
Loan bearing interest at 8,4% per annum, repayable by
2017 (denominated in South African rand)
73,6
118,8
Loan bearing interest at 7,0% per annum, repayable by
2018 (denominated in Nigerian naira)
11,1
16,0
Loan bearing interest at 7,0% per annum, repayable by
2021 (denominated in Nigerian naira)
53,0
69,1
Loan bearing interest at 0% per annum, repayable by
2056 (denominated in Ethiopian birr)
1,2
1,1
Loan bearing interest at 16,0% per annum, repayable by
2016 (denominated in Nigerian naira)
138,8
178,8
Loan bearing interest at 17,0% per annum, repayable by
2016 (denominated in Nigerian naira)
23,2
226,5
Loan bearing interest at 16,5% per annum, repayable by
2016 (denominated in Nigerian naira)
47,5
–
Loan bearing interest at 16,0% per annum, repayable by
2017 (denominated in Nigerian naira)
84,4
185,9
Analysis of secured loans by nature of security:
142,3
169,3
Pledge of shares (Chocolaterie Confiserie Camerounaise;
refer to note 36)
142,3
169,3
Property, plant and equipment
397,4
721,8
Put option against Tiger Brands
73,6
118,8
142,3
169,3
613,3
1 009,9
Refer also to notes 11.5 and 36 for details of security
31.2 Unsecured loans
1 042,9
546,4
Loan bearing interest at 14,5% (2014: 11,1%) per annum,
repayable by 2016 (denominated in Kenyan shilling)
20,6
29,1
Loan bearing interest at 8,0% per annum, repayable by
2016 (denominated in Nigerian naira)
22,3
17,3
Loan bearing interest at 6,0% per annum, repaid
during 2015
–
500,0
Loan bearing interest at 7,1% per annum, repayable on
a 13-month notice period (denominated in South African
rand)
1 000,0
–