KBS Fashion Group Ltd | CIK:0001546383 | 3

  • Filed: 4/30/2018
  • Entity registrant name: KBS Fashion Group Ltd (CIK: 0001546383)
  • Generator: Ez-XBRL
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1546383/000121390018005204/0001213900-18-005204-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1546383/000121390018005204/kbsf-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001546383
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  • ifrs-full:DisclosureOfFinanceCostExplanatory

    14.FINANCE COSTS

     

       Year ended December 31, 
       2017  2016  2015 
     Interest expenses on bank borrowings         
     wholly repayable within one year  96,385   71,783   - 

     

    Bank borrowings interests are charged at a rate of 6.09% per annum for the bank loan that was fully repaid in 2017.

     

    Bank borrowings interests are charged at a rate of 6.09% per annum for the current bank loan.