NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
12. STATED CAPITAL
THE GROUP AND THE COMPANY
2020
2020
2019
2019
Number of Shares
Number of Shares
Rs
Rs
Issued and fully paid: Ordinary shares of no par value
1,620,156
1,619,886,000
1,559,676
1,559,406,000
Holders of the Ordinary shares have the right to attend and to vote at any meeting of shareholders of the Company and shall have one vote per share.
13.NON REDEEMABLE PREFERENCE SHARES
The non redeemable preference shares of an amount of Rs 50,000,000 relate to the stated capital of CCMIC Ltée. The holders of the 1,000 preference shares have no voting rights and rank after ordinary shareholders in respect to distribution of rights and repayment of capital in a winding up.
14. FOREIGN CURRENCIES
As at 31 December 2020, foreign exchange gains/(losses) were as follows:
THE GROUP AND THE COMPANY 2020 2019 Rs Rs
(15,983,476) (14,293,109) (3,217,084) 1,493,078
Cap Tamarin Ltée
(2,908,050)
CCMIC Ltée
(29,719)
Sakoa Management Co Ltd
(369,332) (29,879) (417,836) (3,754,816)
Mourouk Ebony Management Ltd
-
Trinidad Résidences
(32,000,591)
Foreign Exchange Loss
15. BANK LOANS
THE GROUP
THE COMPANY
2020
2020
2019
2019
Rs
Rs
Rs
Rs
631,442,194
150,000,000
Bank Loans
434,551,755
88,727,743
Amounts repayable as follows: Within one year
150,000,000 481,442,194
150,000,000
95,519,584 339,032,171
75,486,817 13,240,926
-
More than one year Total borrowings
631,442,194 434,551,755 150,000,000 88,727,743
Secured loan payable
Bank loans are secured by fixed and floating charges over the assets of the Company and Group. The rate of interest ranges from 4.5% to 10.3% per annum, with different maturity dates.
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