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CITIC LIMITED
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1.
Debt
ALCO centrally manages and regularly monitors the existing and projected debt levels of CITIC Limited
and its major non-financial subsidiaries to ensure that the Group’s debt size, structure and cost are at
reasonable levels.
As at 30 June 2016, consolidated debt of CITIC Limited
(1)
was HK$719,877 million, including loans of
HK$110,779 million and debt instruments issued
(2)
of HK$609,098 million. Debt of the head office of CITIC
Limited
(3)
accounted for HK$66,047 million and debt of CITIC Bank
(4)
HK$480,212 million. In addition, the
head office of CITIC Limited had cash and deposits of HK$4,829 million and available committed facilities
from banks and subsidiaries of HK$17,000 million.
The details of debt are as follows:
As at 30 June 2016
HK$ million
Consolidated debt of CITIC Limited
719,877
Among which: Debt of the head office of CITIC Limited
66,047
Debt of CITIC Bank
480,212
Note:
(1)
Consolidated debt of CITIC Limited is the sum of “bank and other loans” and “debt instruments issued” in the Consolidated
Balance Sheet of CITIC Limited;
(2)
Debt instruments issued include corporate bonds, notes, subordinated bonds, certificates of deposit and certificates of
interbank deposit issued;
(3)
Debt of the head office of CITIC Limited is the sum of “bank and other loans”, “long-term borrowings” and “debt instruments
issued” in the Balance Sheet of CITIC Limited;
(4)
Debt of CITIC Bank refers to CITIC Bank’s consolidated debt securities issued, including long-term debt securities, subordinated
bonds, certificates of deposit and certificates of interbank deposit issued.
Consolidated debt by maturity as at 30 June 2016
Within one year or on demand
Between one and two years
Between two and five years
Over five years
56%
5%
13%
26%