CITIC Limited Half-Year Report 2019

82 CITIC Limited Half-Year Report 2019 For the six months ended 30 June 2019 25 Bank and other loans (continued) (c) Bank and other loans are denominated in the following currency 30 June 2019 31 December 2018 HK$ million HK$ million RMB 38,506 41,031 US$ 51,721 56,545 HK$ 41,691 40,019 Other currencies 18,601 17,995 150,519 155,590 Accrued interest 744 1,088 151,263 156,678 (d) As at 30 June 2019, the Group’s bank and other loans of HK$25,499 million (31 December 2018 HK$27,865 million) are pledged with cash and deposits, inventories, trade and other receivables, fixed assets, intangible assets and the equity of subsidiaries with an aggregate carrying amount of HK$77,214 million (31 December 2018: HK$79,818 million). (e) All of the Group’s banking facilities are subject to the fulfilment of covenants relating to balance sheet ratios or ownership of a minimum shareholding in certain entities of the Group, as are commonly found in lending arrangements with financial institutions. If the Group were to breach the covenants the drawn down facilities would become payable on demand. The Group regularly monitors its compliance with these covenants. Further details of the Group’s management of liquidity risk are set out in Note 29(b). As at 30 June 2019, none of the covenants relating to drawn down facilities have been breached (31 December 2018: Nil) . Notes to the Consolidated Financial Statements