Annual Report 2019

23 ANNUAL REPORT 2019 SHARE CAPITAL AND FINANCIAL RESOURCES As at 31 December 2019, the Company had 3,448,947,770 shares in issue. The Company issued 119,098,220 shares under the Company’s scrip dividend scheme during the year. As at 31 December 2019, the Group’s net gearing ratio Note 2 was approximately 33.6%. The Group had aggregate bank loans and listed notes payable of HK$26,875 million as at 31 December 2019 that contain customary cross default provisions. As at 31 December 2019, the Group’s outstanding interest-bearing loans and notes are analysed as below: 2019 2018 HK$’million HK$’million Floating-rate bank loans which are repayable as follows (Note (a)): Within 1 year 5,643 4,114 Between 1 and 2 years 1,850 2,347 Between 2 and 5 years 2,737 4,158 More than 5 years 866 1,216 11,096 11,835 Fixed-rate bank loans which are repayable as follows: Within 1 year 920 364 Between 1 and 2 years 47 4 Between 2 and 5 years — 48 More than 5 years 28 29 995 445 Floating-rate listed notes payable which are repayable: In 2021 249 260 In 2022 547 557 796 817 Fixed-rate listed notes payable which are repayable: In 2020 1,557 1,563 In 2022 3,875 3,890 In 2023 6,964 6,992 In 2025 3,877 3,897 In 2028 4,616 4,637 20,889 20,979 Note 2: Net interest-bearing debts and lease liabilities divided by total equity.