Annual Report 2008 Sustainable design & engineering - Grontmij
Annual Report 2008 Sustainable design & engineering - Grontmij
Annual Report 2008 Sustainable design & engineering - Grontmij
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Notes to the consolidated financial statements<br />
Liquidity risk<br />
The following are the contractual maturities of the financial liabilities, including the estimated interest payments and excluding the impact of netting agreements.<br />
In thousands of euros<br />
31 December <strong>2008</strong><br />
Carrying Contractual 1 year 2-5 years More than<br />
amount Cash flows or less 5 years<br />
Non-derivative financial liabilities<br />
(Secured) bank loans 79,620 -80,550 -26,559 -51,492 -2,499<br />
Unsecured other loans 129 -129 - -129 -<br />
Financial lease liabilities 560 -588 -397 -191 -<br />
Trade and other payables 163,859 -163,983 -159,632 -4,101 -250<br />
Bank overdraft 36,021 -36,021 -36,021 - -<br />
Non-derivative financial liabilities<br />
Interest rate swaps used for hedging 1,117 -1,117 -428 -689 -<br />
281,306 -282,388 -223,037 -56,602 -2,749<br />
31 December 2007<br />
Carrying Contractual 1 year 2-5 years More than<br />
amount Cash flows or less 5 years<br />
Non-derivative financial liabilities<br />
(Secured) bank loans 69,007 -91,365 -15,837 -72,443 -3,085<br />
Unsecured other loans 3,461 -3,805 - -2,820 -985<br />
Financial lease liabilities 1,425 -1,502 -908 -594 -<br />
Trade and other payables 161,583 -161,583 -161,583 - -<br />
Bank overdraft 16,023 -16,023 -16,023 - -<br />
263,794 -274,278 -194,351 -75,857 -4,070<br />
Currency risk<br />
The group’s exposure to foreign currency risk was as follows, based on notional amounts:<br />
In thousands of euros<br />
31 December <strong>2008</strong> 31 December 2007<br />
EUR DKK SEK GBP PLN EUR DKK SEK GBP PLN<br />
Trade and other<br />
receivables 109,970 30,944 12,429 21,187 3,532 99,607 29,120 23,839 17,027 1,969<br />
(Secured) bank loans -52,620 -2,550 - -23,403 - -78,626 -2,676 - - -<br />
Unsecured<br />
other loans -1,176 - - - - -3,461 - - - -<br />
Financial lease<br />
liabilities - -560 - - - -200 -1,225 - - -<br />
Trade and other<br />
payables -107,094 -25,626 -13,049 -15,347 -3,860 -103,050 -24,512 -18,257 -12,394 -3,370<br />
Gross exposure -50,920 2,208 -620 -17,563 -328 -85,730 707 5,582 4,633 -1,401<br />
Forward exchange<br />
contracts - - - - - - - - - -<br />
Net exposure -50,920 2,208 -620 -17,563 -328 -85,730 707 5,582 4,633 -1,401<br />
GRONTMIJ | ANNUAL REPORT <strong>2008</strong> 107
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