Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

18. Loans and Borrowings (Tables)

v3.19.1
18. Loans and Borrowings (Tables)
12 Months Ended
Dec. 31, 2018
Loans And Borrowings  
Schedule of loans and borrowings

The book value of loans and borrowings consist of the following:

 

Loans and borrowings   2018     2017     2016  
Non-current                        
Bank loans   $     $     $ 4,179,528  
Finance lease creditor     15,491,030       17,148,421       16,054,972  
Other loans     950,849       997,826       875,816  
Total non-current     16,441,879       18,146,247       21,110,316  
Current                        
Revolving lines of credit     686,900       812,913       711,675  
Bank loans     330,407       1,604,426       1,683,705  
Finance lease creditor     891,305       1,131,182       921,634  
Other loans     889,833       889,833       889,833  
Total current     2,798,445       4,438,354       4,206,847  
Total loans and borrowings   $ 19,240,324     $ 22,584,601     $ 25,317,163  
Schedule of bank loans by expiry date and rate

The tables below show the detail of bank loans by expiry date and rate. All bank loan contracts provide for floating rates.

 

2018   Floating rate     Total  
             
Expiry within 1 year   $ 330,407     $ 330,407  
Expiry within 1 and 5 years            
Expiry in more than 5 years            
Total   $ 330,407     $ 330,407  

 

2017   Floating rate     Total  
             
Expiry within 1 year   $ 1,604,426     $ 1,604,426  
Expiry within 1 and 5 years            
Expiry in more than 5 years            
Total   $ 1,604,426     $ 1,604,426  

 

2016   Floating rate     Total  
             
Expiry within 1 year (current)   $ 1,683,705     $ 1,683,705  
Expiry within 1 and 5 years (non-current)     1,438,478       1,438,478  
Expiry in more than 5 years (non-current)     2,741,050       2,741,050  
Total   $ 5,863,233     $ 5,863,233  

 

Schedule of revolving lines of credit

The Group has outstanding balances at December 31, 2018, 2017 and 2016 as follows:

 

2018   Floating rate     Fixed rate     Total  
                   
Expiry within 1 year   $ 301,091     $ 385,809     $ 686,900  
Expiry within 1 and 5 years                  
Expiry in more than 5 years                  
Total   $ 301,091     $ 385,809     $ 686,900  

 

2017   Floating rate     Fixed rate     Total  
                   
Expiry within 1 year   $ 408,042     $ 404,871     $ 812,913  
Expiry within 1 and 5 years                  
Expiry in more than 5 years                  
Total   $ 408,042     $ 404,871     $ 812,913  

 

2016   Floating rate     Fixed rate     Total  
                   
Expiry within 1 year (current)   $ 356,309     $ 355,366     $ 711,675  
Expiry within 1 and 5 years (non-current)                  
Expiry in more than 5 years (non-current)                  
Total   $ 356,309     $ 355,366     $ 711,675