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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