ESR Interim Report 2020 (EN)

Notes to Condensed Consolidated Financial Information 30 June 2020 57 NOTES TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION ESR Interim Report 2020 14. TRADE AND BILLS RECEIVABLES The Group’s trading terms with its customers are mainly on credit, except for new customers, where payment in advance is normally required. The Group seeks to maintain strict control over its outstanding receivables to minimise credit risk. Overdue balances are reviewed regularly by senior management. In view of the aforementioned and the fact that the Group’s trade receivables related to various diversified customers, there is no significant concentration of credit risk. The Group does not hold any collateral or other credit enhancements over its trade receivable balances. The balances of trade and bills receivables are non-interest-bearing. An aging analysis of the trade and bills receivables as at 30 June 2020 and 31 December 2019, based on the invoice date and net of loss allowance, is as follows: 30 June 2020 31 December 2019 (Unaudited) (Audited) US$’000 US$’000 Within 90 days 95,996 81,069 91 to 180 days 3,701 4,324 Over 180 days 4,057 3,504 Total 103,754 88,897 15. BANK AND OTHER BORROWINGS 30 June 2020 31 December 2019 Effective interest Maturity US$’000 Effective interest Maturity US$’000 rate(%) (Unaudited) rate(%) (Audited) Current Bank loans – secured 0.20-5.88 2020-2021 370,677 0.20-5.88 2020 37,631 Bank loans – unsecured 4.35 2021 152,750 3.60 2020 148,998 Other borrowings – unsecured 12.00 2020 46,766 12.00 2020 45,580 570,193 232,209 Non-current Bank loans – secured 0.49-5.88 2021-2036 1,082,458 0.20-6.77 2021-2036 1,538,128 Bank loans – unsecured 3.31 2022-2023 346,479 4.80 2022 99,053 Other borrowings – secured 9.00 2023 18,399 9.00 2023 18,548 Other borrowings – unsecured 10.00 2024 5,562 10.00 2024 5,607 Bonds – unsecured 5.10-7.875 2022-2025 831,524 6.75-7.875 2022 677,372 2,284,422 2,338,708 2,854,615 2,570,917