Annual Report 2005 - Tenaris
Annual Report 2005 - Tenaris
Annual Report 2005 - Tenaris
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Explanatory notes<br />
70. <strong>Tenaris</strong>Confab<br />
11. Loans and financing<br />
Type<br />
a. BALANCES ON 31ST OF DECEMBER<br />
LOCAL CURRENCY<br />
BNDES investments<br />
BNDES investments<br />
FOREIGN CURRENCY<br />
Exchange contract advances<br />
Pre-export finance<br />
Working capital finance<br />
Total<br />
CURRENT<br />
LONG TERM LIABILITIES<br />
TJLP – Long Term Interest Rate<br />
UMBND – BNDES monetary unit (basket of currencies)<br />
b.FALLING DUE IN LONG TERM<br />
2006<br />
2007<br />
2008<br />
2009<br />
2010<br />
2011<br />
c.GUARANTEES<br />
Index<br />
or currency<br />
TJLP<br />
UMBND<br />
US$<br />
US$<br />
US$<br />
Financing for investment was guaranteed by mortgaging company assets.<br />
The other financing in local and foreign currency was guaranteed by promissory notes.<br />
<strong>Annual</strong> interest<br />
rates per year<br />
4% and 4.25%<br />
4% and 4.25%<br />
4.05%<br />
4.49%<br />
6.41%<br />
<strong>2005</strong><br />
41,968<br />
12,585<br />
54,553<br />
1,262<br />
–<br />
–<br />
1,262<br />
55,815<br />
(13,425)<br />
42,390<br />
<strong>2005</strong><br />
–<br />
14,559<br />
9,307<br />
9,227<br />
6,137<br />
3,160<br />
42,390<br />
Consolidated<br />
2004<br />
47,310<br />
16,664<br />
63,974<br />
186,088<br />
8,848<br />
13,315<br />
208,251<br />
272,225<br />
(217,412)<br />
54,813<br />
Parent company<br />
and Consolidated<br />
2004<br />
11,619<br />
14,683<br />
9,439<br />
9,345<br />
6,227<br />
3,500<br />
54,813
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