The movements of borrowings for the year ended December 31, 2017 are outlined below:
|
Balances as of January 1, 2017 |
4,339,028,360 | |||
|
|
|
|||
|
New borrowings |
2,927,783,765 | |||
|
Interest accrual |
518,424,024 | |||
|
Effect of foreign currency exchange differences |
287,691,637 | |||
|
Effect of exchange rate differences |
330,042,463 | |||
|
Interest payments |
(517,407,711 | ) | ||
|
Principal payments |
(3,521,683,295 | ) | ||
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|||
|
Balances as of December 31, 2017 |
4,363,879,243 | |||
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