Annual Report 2019

32 SHOUGANG CONCORD CENTURY HOLDINGS LIMITED 首長寶佳集團有限公司 MANAGEMENT DISCUSSION AND ANALYSIS 管理層論述及分析 於二零一九年十二月三十一日，本集團已動用 上述所得款項按照下表所列方式： 未動用所得款項淨額約港幣 78.2 百萬元預期 將於二零二一年之前用於擬定用途。具體時間 表取決於建設實際進度、本公司的發展以及市 況。 銀行結存及現金及計息貸款 於二零一九年十二月三十一日，本集團之銀 行結存及現金（包括已抵押銀行存款）共港幣 101,732,000 元，比二零一八年十二月三十一 日報港幣 145,312,000 元下降 30.0% 。本集團 之總計息貸款（包括來自關連公司之貸款、銀 行貸款及可換股債券）於二零一九年十二月 三十一日報港幣 821,290,000 元，比二零一八 年十二月三十一日報港幣 1,100,809,000 元下 降 25.4% 。因此，計息貸款淨額（計息貸款總 額減去銀行結存及現金）由二零一八年十二 月三十一日的港幣 955,497,000 元減少至二零 一九年十二月三十一日的港幣 719,558,000 元。 As at 31 December 2019, the Group had utilised the aforesaid proceeds in the manner as set out in the table below: Net proceeds from the Subscription Utilised amount Unutilised amount 認購事項 所得款項 已動用金額 未動用金額 HK$ million HK$ million HK$ million 港幣百萬元 港幣百萬元 港幣百萬元 Repaying interest-bearing borrowings with higher interest rate of the Group 償還本集團利率較高的 計息貸款 37.3 37.3 – Funding the capital investment for the TESC Phase II Project 為滕州東方二期項目的 資本投資提供資金 110.0 31.8 78.2 Supplementing general working capital 補充一般營運資金 1.7 1.7 – Total 合計 149.0 70.8 78.2 The unutilized net proceeds, being approximately HK$78.2 million, is expected to be used as intended by 2021. Detailed schedule depends on the actual progress of construction, the development of the Company and market situation. Bank balances and cash and interest bearing borrowings The Group’s bank balances and cash (including pledged bank deposits) amounted to HK$101,732,000 at 31 December 2019, decreased by 30.0% as compared to HK$145,312,000 at 31 December 2018. Total interest bearing borrowings of the Group (comprised of loans from related companies, bank borrowings and Convertible Bonds) were HK$821,290,000 at 31 December 2019, decreased by 25.4% as compared to HK$1,100,809,000 at 31 December 2018. The amount of net interest bearing borrowings (total interest bearing borrowings less bank balances and cash) therefore decreased from HK$955,497,000 at 31 December 2018 to HK$719,558,000 at 31 December 2019.