NOTES TO FINANCIAL STATEMENTS
/
31 DECEMBER 2015
GEO
ENERGY
RESOURCES
95
17
BANK BORROWING
Group and Company
2015
2014
h^Ψ
h^Ψ
ĂŶŬ ůŽĂŶ
–
Ϯϲϰ͕ϴϱϰ
>ĞƐƐ͗ ŵŽƵŶƚ ĚƵĞ ĨŽƌ ƐĞƩůĞŵĞŶƚ ǁŝƚŚŝŶ ϭϮ ŵŽŶƚŚƐ
;ƐŚŽǁŶ ƵŶĚĞƌ ĐƵƌƌĞŶƚ ůŝĂďŝůŝƟĞƐͿ
–
;Ϯϲϰ͕ϴϱϰͿ
ŵŽƵŶƚ ĚƵĞ ĨŽƌ ƐĞƩůĞŵĞŶƚ ĂŌĞƌ ϭϮ ŵŽŶƚŚƐ
–
–
/Ŷ ϮϬϭϰ͕ ƚŚĞ ďĂŶŬ ůŽĂŶ ďŽƌĞ ĂŶ ŝŶƚĞƌĞƐƚ ƌĂƚĞ ŽĨ ϰ͘ϵϴй ƉĞƌ ĂŶŶƵŵ͘
dŚĞ ďĂŶŬ ůŽĂŶ ǁĂƐ ƌĞƉĂLJĂďůĞ ŝŶ ϲϬ ŵŽŶƚŚůLJ ŝŶƐƚĂůŵĞŶƚƐ ĐŽŵŵĞŶĐŝŶŐ ĞĐĞŵďĞƌ ϮϬϭϬ ĂŶĚ ŚĂƐ ďĞĞŶ ĨƵůůLJ ƌĞƉĂŝĚ ŝŶ
ĞĐĞŵďĞƌ ϮϬϭϱ͘
/Ŷ ϮϬϭϰ͕ ƚŚĞ 'ƌŽƵƉ͛Ɛ ďĂŶŬ ĨĂĐŝůŝƟĞƐ ǁĞƌĞ ƐĞĐƵƌĞĚ ďLJ͗
;ŝͿ
ůĞŐĂů ŵŽƌƚŐĂŐĞ ŽǀĞƌ ƚŚĞ ŽŵƉĂŶLJ͛Ɛ ŝŶǀĞƐƚŵĞŶƚ ƉƌŽƉĞƌƚLJ ;EŽƚĞ ϭϱͿ͖
;ŝŝͿ
Ă ƉůĞĚŐĞ ŽǀĞƌ ĐĂƐŚ ďĂůĂŶĐĞ ŝŶ ƚŚĞ ĞƐĐƌŽǁ ĂĐĐŽƵŶƚ͖
;ŝŝŝͿ
ƵŶĚĞƌƚĂŬŝŶŐ ƚŽ ƐĞĐƵƌĞ ƉĂLJŵĞŶƚ ŽďůŝŐĂƟŽŶ ĨƌŽŵ Ă ƐƵďƐŝĚŝĂƌLJ ĂŶĚ Ă ŬĞLJ ŵĂŶĂŐĞŵĞŶƚ ƉĞƌƐŽŶŶĞů͖ ĂŶĚ
(iv)
a corporate guarantee by the Company for all the monies owing.
Ɛ Ăƚ ϯϭ ĞĐĞŵďĞƌ ϮϬϭϱ͕ ƚŚĞ 'ƌŽƵƉ ŚĂĚ ĂǀĂŝůĂďůĞ h^ΨEŝů ;ϮϬϭϰ ͗ h^Ψϭϱ͕ϬϬϬ͕ϬϬϬͿ ŽĨ ƵŶĚƌĂǁŶ ĐŽŵŵŝƩĞĚ ďŽƌƌŽǁŝŶŐ
ĨĂĐŝůŝƟĞƐ ŝŶ ƌĞƐƉĞĐƚ ŽĨ ǁŚŝĐŚ Ăůů ĐŽŶĚŝƟŽŶƐ ƉƌĞĐĞĚĞŶƚ ŚĂĚ ďĞĞŶ ŵĞƚ͘
18
TRADE AND OTHER PAYABLES
Group
Company
2015
2014
2015
2014
h^Ψ
h^Ψ
h^Ψ
h^Ψ
dƌĂĚĞ ƉĂLJĂďůĞƐ ĚƵĞ ƚŽ͗
Ͳ dŚŝƌĚ ƉĂƌƟĞƐ
Ϯ͕ϲϱϰ͕ϭϮϬ
1,646,721
–
–
KƚŚĞƌ ƉĂLJĂďůĞƐ ĐŽŵƉƌŝƐĞ ŽĨ͗
Ͳ dŚŝƌĚ ƉĂƌƟĞƐ
ϭϰϱ͕Ϯϳϳ
Ϯϯ͕ϵϰϲ
ϭϭϬ͕ϭϭϱ
14,884
Ͳ ^ƵďƐŝĚŝĂƌŝĞƐ ;EŽƚĞ ϱͿ
–
– ϭϭ͕ϮϯϮ͕ϰϴϵ
967,000
Ͳ sĂůƵĞͲ ĚĚĞĚ dĂdž ;͞s d͟Ϳ ƉĂLJĂďůĞƐ
1,027,048
290,496
ϯϮ͕Ϭϱϳ
10,964
Ͳ tŝƚŚŚŽůĚŝŶŐ ƚĂdž ƉĂLJĂďůĞƐ
ϭϰ͕ϰϱϵ
ϴϬ͕ϳϲϱ
ϰ͕ϳϰϱ
–
Ͳ ĚǀĂŶĐĞƐ ĨƌŽŵ ĐƵƐƚŽŵĞƌƐ
(a)
ϴ͕ϴϴϴ͕ϳϬϱ
ϰϵϱ͕ϴϯϮ
–
–
Ͳ ĞƉŽƐŝƚƐ ƌĞĐĞŝǀĞĚ
(b)
ϭϱ͕ϬϯϬ͕ϯϲϲ
ϯϮ͕ϱϯϳ
ϰϬ͕ϭϯϰ
ϰϯ͕ϬϬϰ
Ͳ ĐĐƌƵĞĚ ƉƵƌĐŚĂƐĞ ĐŽŶƐŝĚĞƌĂƟŽŶ ĨŽƌ
ഩഩഩĂĐƋƵŝƐŝƟŽŶ ŽĨ ĂƐƐĞƚ ;EŽƚĞ ϯϱͿ
ϳ͕ϵϴϮ͕ϯϴϴ
ϳ͕ϯϬϬ͕ϬϬϬ
ϳ͕ϵϴϮ͕ϯϴϴ
ϳ͕ϯϬϬ͕ϬϬϬ
Ͳ ĐĐƌƵĞĚ ŝŶƚĞƌĞƐƚ ŽŶ ŶŽƚĞƐ ƉĂLJĂďůĞ ;EŽƚĞ ϮϬͿ
Ϯ͕ϮϱϬ͕ϯϰϰ
2,411,241
Ϯ͕ϮϱϬ͕ϯϰϰ
2,411,241
Ͳ ĐĐƌƵĞĚ ĞdžƉĞŶƐĞƐ
ϭ͕ϲϰϲ͕ϯϴϱ
ϭ͕ϭϱϬ͕ϳϵϮ
ϰϲϭ͕ϱϲϵ
ϯϲϵ͕ϴϱϬ
Total
ϯϵ͕ϲϯϵ͕ϬϵϮ ϭϯ͕ϰϯϮ͕ϯϯϬ ϮϮ͕ϭϭϯ͕ϴϰϭ ϭϭ͕ϭϭϲ͕ϵϰϯ
