18. Debt analysis
Group Group
Association Association
2016 2015
£000 £000
2016 2015
£000 £000
Due within one year
Bank loans
12,211
9,523
7,281
6,628
Due after more than one year
Bank loans
Premium on THFC loans
Less: Issue Costs
388,075
386,649
276,766
276,293
790
824
-
-
388,865
387,473
276,766
276,293
(4,344)
(4,151)
(3,125)
(3,092)
384,521
383,322
273,641
273,201
Security
The loans are secured by specific charges on the Group’s and Association’s housing properties.
Terms of repayment and interest rates
Bank and other loans are repayable in instalments, at rates of interest between 0.91% and 11.50%.
The final instalments fall to be repaid between 2016 and 2042.
Based on the lender’s earliest repayment date, borrowings are repayable as follows:
Group Group
Association Association
2016 2015
£000 £000
2016 2015
£000 £000
Within one year or on demand
12,211
9,523
7,281
6,628
One year or more but less than two years
11,680
10,259
8,527
5,437
41,504
32,834
30,163
23,342
Five years or more
Two years or more but less than five years
334,891
343,556
238,076
247,514
400,286
396,172
284,047
282,921
Weighted average interest rate (%)
4.28
4.11
4.08
3.84
Weighted average time for which rate is fixed (years)
9.63
9.50
7.27
7.44
As at 31 March 2016 the group has undrawn loan facilities of £66.8m (2015: £46.7m)
94
Accord Group