Annual Report 2022

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2022 122 The United Laboratories International Holdings Limited Annual Report 2022 29. BORROWINGS (Continued) Interest rate 2022 2021 RMB’000 RMB’000 Fixed rate 251,378 18,353 HIBOR plus 1.35% to 1.50% (2021: HIBOR plus 1.35% to 2.20%) 2,123,769 1,559,791 CNY HIBOR plus 1.45% (2021: nil) 80,000 – PRC Loan Prime Rate (“LPR”) (2021: LPR plus 0.50% to 0.86%) – 55,536 LIBOR (2021: LIBOR plus 2.00%) – 133,658 Secured Overnight Financing Rate (“SOFR”) (2021: SOFR plus 1.00%) – 63,780 2,455,147 1,831,118 The range of effective interest rates of the floating rate borrowings at 31 December 2022 is 3.63% to 5.85% (2021: 1.05% to 4.71%) per annum. The range of effective interest rates of the fixed rate borrowings at 31 December 2022 is 1.22% to 2.04% (2021: 1.40% to 2.79%) per annum. During the year ended 31 December 2021, other loans of RMB55,536,000 has been advanced from other financing institutions, independent third parties not connected to the Group, which is subject to floating interest rate and secured by plant and machinery with carrying amount of RMB333,161,000. The loan has been fully repaid and the secured plant and machinery has been released during the year ended 31 December 2022. At 31 December 2021, deposits of RMB24,000,000, which are interest-free, were pledged to respective financing institutions. The balance of RMB24,000,000 has been released during the year ended 31 December 2022. The bo rr owi ngs a r e denomi na t ed i n HK$ , EUR and USD wi t h RMB2,123,769,000 (2021: RMB1,559,791,000), nil (2021: RMB133,658,000) and nil (2021: RMB63,780,000), respectively, the other remaining borrowings are all in RMB.