TAV IT

178
TAV Airports Holding Annual Report 2008
TAV AIRPORTS HOLDING AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2008
(Amounts expressed in Euro unless otherwise stated)
TAV Tunisie
The breakdown of bank loans as at 31 December 2008 is as follows:
Original
Currency
Year of
Maturity
Nominal
Interest Rate
Face
Value
Carrying
Amount
Secured bank loan EUR 2022 Euribor+2.00% 113,843,360 110,446,126
Secured bank loan EUR 2028 Euribor+2.28% 47,310,342 46,282,604
Secured bank loan EUR 2028 Euribor+4.75% 13,846,298 13,529,631
175,000,000 170,258,361
The breakdown of bank loans as at 31 December 2007 is as follows:
Original
Currency
Year of
Maturity
Nominal
Interest Rate
Face
Value
Carrying
Amount
Unsecured bank loan EUR 2008 Euribor+1.00% 70,000,000 70,333,078
70,000,000 70,333,078
Redemption schedules of the TAV Tunisie bank loans as at 31 December 2008 and 2007 are as follows:
31 December 2008 31 December 2007
On demand or within one year 8,273,103 70,333,078
In the second year 8,543,071 -
In the third year 10,713,388 -
In the fourth year 12,761,229 -
In the fifth year 10,662,760 -
After five years 119,304,810 -
170,258,361 70,333,078
TAV Esenboğa
The breakdown of bank loans as at 31 December 2008 is as follows:
Original
Currency
Year of
Maturity
Nominal
Interest Rate
Face
Value
Carrying
Amount
Secured bank loans EUR 2021 Euribor + 2.35% 149,175,000 145,947,192
149,175,000 145,947,192
TAV Esenboğa has a bank loan in the amount of EUR 145,947,192 under loan agreement. The terms of the loan semi annual
principal and interest payments at each 30 June and 31 December according to the loan agreements starting from 31 December
2007 for interest and 30 June 2008 for principal.