Annual Report 2012 - Indesit

Consolidated financial statements at 31 December 2012 – Notes
Revolving facility
Covenant
limit at
31 December
Covenant
limit at
30 June
Net financial indebtedness/EBITDA ≤ 3.0 ≤ 4.0
EBITDA/Net financial expenses ≥ 3.5 ≥ 3.5
BEI
Covenant
limit at
31 December
Covenant
limit at
30 June
Net financial indebtedness/EBITDA ≤ 3.0 n.a.
EBITDA/Net financial expenses ≥ 3.5 ≥ 3.5
Equity ≥ 320
million euro
≥ 320
million euro
Securitization
Covenant
limit at
31 December
Covenant
limit at
30 June
Net financial indebtedness/EBITDA ≤ 3.0 ≤ 3.5
In addition to the financial covenants, the bonds and the committed lines of credit require Indesit
Company S.p.A. and, in certain cases, a number of Group companies to comply with other affirmative
and negative covenants that are consistent with market standards for transactions of a similar nature,
amount, maturity and risk profile.
Failure to comply with these covenants would, following the elapse of a given period of time
available to correct such non-compliance, give the counterparts a right to require the early repayment
of the related borrowings. The above parameters are monitored constantly by the Group and, as of
31 December 2012, all the covenants have been respected.
9.13.5 Other
non-current
financial
assets
Other non-current financial assets are analyzed as follows:
(million euro) 31.12.2012 31.12.2011
Bind deposits 0.8 0.3
Assets for the measurement of derivative instruments 0.8 1.2
Total 1.5 1.5
Other non-current financial assets are analyzed by maturity in the following table:
(million euro)
Total
long term
Within
1 year
Between
1 and 5 years
Beyond
5 years
Bind deposits 0.8 - 0.8 -
Assets for the measurement of derivative instruments 0.8 - 0.8 -
Total 1.5 0.0 1.5 0.0
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