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60 Finsbury Food Group Annual Report & Accounts 2016





20. Other Interest-bearing Loans and Borrowings


This Note provides information about the contractual terms and repayment terms of the Group’s interest-bearing loans and borrowings, which  2016


Margin


Invoice discounting Term loan


Revolving credit 


 Overdraft


Unamortised transaction costs


Secured bank loans and mortgages over one year Unamortised transaction costs


Repayments are as follows: Between one and two years  


2015


Invoice discounting Term loan


Revolving credit 


 Overdraft


Unamortised transaction costs


Secured bank loans and mortgages over one year (included above) Unamortised transaction costs


Repayments are as follows: Between one and two years  


Margin


 repayments


Year of maturity


Facility £000


1.50%/base On demand Revolving* 22,000 2.00%/LIBOR 2.00%/LIBOR 1.75%/LIBOR 1.76%/base 2.00%/base


Quarterly Varies


Quarterly 


On demand


Various -


50,870


Drawn £000


3,397


2019 13,400 2019 2022


8,000 3,470 2,000 2,000


12,116 2,000 3,287 474 -


21,274 (240)


21,034


Current £000


3,397 3,211 2,000 461 284 -


9,353 (65) 9,288


 repayments


Year of maturity


Facility £000


1.50%/base On demand Revolving* 22,000 2.00%/LIBOR 2.00%/LIBOR 1.75%/LIBOR 1.76%/base 2.00%/base


Quarterly Varies


Quarterly 


On demand


Various -


50,870


Drawn £000


2019 13,400 2019 2022


8,000 3,470 2,000 2,000


10,824 8,905 -


2,826 190 -


22,745 (176)


22,569


Current £000


10,824 2,568 -


369 133 -


13,894 (65) 13,829


Non-current £000


-


6,337 -


2,457 57 -


8,851 (111)


8,740 8,851


(111) 8,740


2,940 4,817 983


8,740


Non-current £000


-


8,905 -


2,826 190 -


11,921 (175)


11,746 11,921


(175) 11,746


3,006 7,389


1,351 11,746


* Revolving maturity above relates to the payment terms on the invoice discounting which is up to 90 days from the date of invoice. The invoice discounting facility renewal date is October 2019.





Minimum lease payments £000


Less than one year 


136 58


194 2016


Interest £000


3 1 4


Principal £000


133 57


190


 payments £000


294 194 488


2015


Interest £000


10 4


14


All of the above loans are denoted in pounds sterling, with various interest rates and maturity dates. The main purpose of the above facilities 


Principal £000


284 190 474


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