Å kodaAuto ANNUAL REPORT 2006 - Skoda Auto

13. Non-current and current financial liabilities (CZK million)
Remaining term
Balance at 31.12.2005 < 1 year 1–5 years > 5 years Total
Bonds – 4,990 – 4,990
Borrowings from VW Group companies 898 – – 898
Total 898 4,990 – 5,888
Remaining term
Balance at 31.12.2006 < 1 year 1–5 years > 5 years Total
Bonds 2,998 1,995 – 4,993
Borrowings from VW Group companies 974 – – 974
Total 3,972 1,995 – 5,967
Borrowings include payments from a factoring company within the VOLKSWAGEN AG group that results from factored receivables from
companies outside the VOLKSWAGEN AG group where the risks and rewards did not substantially transfer to the factoring company.
None from the financial liabilities are secured by a lien.
The Company issued bonds with a total value of CZK 10 billion on 26 October 2000, each in a nominal value of CZK 100,000. The bonds
are publicly traded without restrictions of transferability on the secondary market of the Prague Stock Exchange and the RM – System. The
bonds were issued pursuant to Czech legislation and are governed by Czech law. Commerzbank Capital Markets (Eastern Europe) a.s. was
the lead manager and Československá obchodní banka, a.s. with its registered seat on Na Příkopě 14, 115 20, Prague 1, was the
administrator of the issue. The issue was realised by registration at the Securities Centre in Prague.
On 26 October 2005, the 1st tranche of the 5-year issue of bonds of CZK 5 billion has been fully settled in accordance with the schedule.
ISIN Total Nominal value No. of bonds Issue rate
nominal value per bond in pcs
in million CZK in thousand CZK
2.tranche CZ0003501181 3,000 100 30,000 100.00%
3.tranche CZ0003501199 2,000 100 20,000 100.00%
Total 5,000 50,000
Interests and principal of bonds are paid only in CZK through the administrator:
ISIN Due date Due date for interest Bond yield
for nominal value
2. tranche CZ0003501181 26.10.2007 Semi-annually on 26 April 6M Pribor + 0.14%
and on 26 October
3. tranche CZ0003501199 26.10.2010 Semi-annually on 26 April 6M Pribor + 0.22%
and on 26 October
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