Financial Report and Registration Document 2010 - Groupe Seb

3
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
CHARACTERISTICS OF BORROWINGS (NOMINAL AMOUNTS)
At 31 December 2010
(in € millions)
Issuing
currency
Due Outstanding
balance
in less than
1 year
Due
in 1 to 5
years
in more
than 5 years
Original interest
rate
Rate after hedging
French loan EUR 2012 20.0 10.0 10.0 Floating Euribor Fixed
Schuldschein loan EUR 2013 55.0 55.0 Fixed
Schuldschein loan EUR 2013 58.5 58.5 Floating Euribor
Schuldschein loan EUR 2015 30.0 30.0 Fixed
Schuldschein loan EUR 2015 17.5 17.5 Floating Euribor
Commercial paper EUR 2011 100.0 100.0 Floating Eonia Floating (a)
Other bank borrowings, incl.
overdrafts - 59.6 57.7 1.9 Floating
Finance lease liabilities - - 2.7 1.1 1.6
Non-discretionary profit
sharing liability EUR - 28.6 3.2 25.4
TOTAL 371.9 172.0 199.9
(a) A portion of issued commercial paper is hedged by floating-rate cross-currency swaps in order to cover subsidiaries’ financing needs in their functional currency. Consequently,
interest rates on this financing are those applicable to borrowings in the main currencies concerned, i.e. US dollars, pounds sterling and Mexican pesos (see Note 26.2).
All commercial paper is due in less than three months.
LOAN MATURITIES (UNDISCOUNTED NOMINAL AMOUNTS, INCLUDING ACCRUED INTEREST)
At 31 December 2010
(in € millions) Issuing currency Due
Scheduled
repayments
in less than 1 year in 1 to 5 years
French loan EUR 2012 20.4 10.3 10.1
Schuldschein loan EUR 2013 65.1 3.4 61.7
Schuldschein loan EUR 2013 62.2 1.3 60.9
Schuldschein loan EUR 2015 39.5 1.9 37.6
Schuldschein loan EUR 2015 19.7 0.5 19.2
TOTAL 206.9 17.4 189.5
Due
in more than
5 years
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CONFIRMED CREDIT FACILITIES
The Group also has unused, confirmed credit facilities that break down as follows by maturity:
Confirmed credit
At 31 December 2010 (in € millions)
facilities 2010*
2011 777
2012 694
2013 557
2014 71
2015 48
* Unused confirmed lines of credit at 31 December 2010, of which:
• a syndicated credit facility for €456.1 million, expiring in June 2011;
• a bank line of credit set up in 2007 for €30 million, expiring in December 2011.
The syndicated credit facility includes an option to extend the expiry date by two years until 2013.
None of these credit lines include any acceleration clauses.
GROUPE SEB
FINANCIAL REPORT AND REGISTRATION DOCUMENT 2010
101