NOTES TO THE CONSOLIDATED FINANCIAL  STATEMENTS  (RMB AND US$ AMOUNTS EXPRESSED IN THOUSANDS, EXCEPT PER SHARE DATA)  15.  Other financial liabilities (cont’d) (a)  Other liabilities (cont’d) Foreign exchange forward contract (b)  Interest-bearing loans and borrowings China Yuchai International Limited | Annual Report 2013 93 On June 11, 2012, Yuchai entered into a non-deliverable foreign exchange forward contract (“NDF”) with  Industrial and Commercial Bank of China (“ICBC”) to purchase US$36.8 million at the forward exchange rate  (USD/GBP) of 1.5525 on June 11, 2013. The Group accounted this NDF at fair value through profit or loss (Note  21). Effective interest rate Maturity 31.12.2012 % Rmb’000 Current Renminbi denominated loans 5.00 2013 2,072,069 US Dollar denominated loans 4.00 2013 261,598 Euro denominated loans 2.46 2013 5,606 2,339,273 Non-current Renminbi denominated loans 8.28 2016 60,000 Singapore Dollar denominated loans 1.29 2014 51,422 111,422 Effective interest rate Maturity 31.12.2013 31.12.2013 % Rmb’000 US$’000 Current Renminbi denominated loans 5.59 2014 975,000 159,311 US Dollar denominated loans 2.20 2014 25,739 4,206 Euro denominated loans 2.30 2014 22,482 3,674 Canadian Dollar denominated loans 5.28 2014 159,607 26,079 Singapore Dollar denominated loans 1.21 2014 48,153 7,868 1,230,981 201,138 Non-current Renminbi denominated loans 5.05 2016 1,028,396 168,036 1,028,396 168,036 Note: The Company has the discretion to refinance or rollover the obligations for at least 12 months after the  reporting period for the existing loan facilities. All loans balances as stated above do not have a callable  feature.