21 Other interest-bearing loans and borrowings

This note provides information about the contractual terms of the Group and Company's interest-bearing loans and borrowings. For more information about the Group and Company's exposure to interest rate and foreign currency risk, see note 27.

Initial Loan ValueRateMaturity Current Non-Current
2012
£000
2011
£000
2012
£000
2011
£000
Company





Term loan £4.00m Libor +3.75% 2012 999 1,333 1,000



999 1,333 1,000
Other Group





Asset based lending £15.80m
(Maximum)
Base (+2.25%
to 2.75%)
2013 11,804 11,950
Acquisition Term Loan S$15.11m Fixed 3.14% 2016 1,503 5,640
Bankers acceptances MYR0.2m 3.64% 2012 41
Finance Lease Liabilities Various 2012/13 173 48



13,521 11,950 5,688
Total Group

14,520 13,283 5,688 1,000

Finance Lease Liabilities


Minimum
Lease
Payments
2012
£000
Interest
2012
£000
Principal
2012
£000
Less than one year 173 6 167
Between one and two years 48 1 47

221 7 214

The Company's bridging and term loan are secured by corporate guarantees and debentures over the Group's UK and Swedish entities.

The asset based lending facility is secured over the receivables and stock of the Group's UK companies and the property of the Company. The amount available is dependent on the receivables and stock levels. Due to the revolving nature of this facility, it is shown as current on the Statement of financial position. The facility agreement runs until February 2013.

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