Å kodaAuto ANNUAL REPORT 2006 - Skoda Auto

In the table below, the financial conditions attached to loans received, bonds and liabilities to financial institutions are summarised at their
carrying amounts:
Currency Interest Interest Weighted Nominal Carrying amount at 31.12.2005
terms commitment effective amount < 1 year 1–5 years > 5 years Total
ending interest rate
based on
carrying
amount
CZK floating 1–5 years 2.20% 5,000 – 4,990 – 4,990
EUR floating < 1 year 2.39% 898 898 – – 898
Total financial liabilities 5,898 898 4,990 – 5,888
Currency Interest Interest Weighted Nominal Carrying amount at 31.12.2006
terms commitment effective amount < 1 year 1–5 years > 5 years Total
ending interest rate
based on
carrying
amount
CZK floating < 1 year 2.97% 3,000 2,998 – – 2,998
CZK floating 1–5 years 3.05% 2,000 – 1,995 – 1,995
EUR floating < 1 year – 974 974 – – 974
Total financial liabilities 5,974 3,972 1,995 – 5,967
Fair value of bonds was CZK 5,000 million as at 31 December 2006 (31 December 2005: CZK 4,997 million). The fair value of bonds was
set based on quoted market rates as at 31 December 2006. Fair value of the borrowings from VW Group approximates the carrying
amounts.
14. Trade payables (CZK million)
31.12.2006 31.12.2005
Trade payables to:
Third parties 15,264 15,018
Subsidiaries 1,133 766
Other related parties 2,184 2,886
Total 18,581 18,670
The carrying value of trade payables is assumed to approximate their fair values due to the short-term nature of these financial liabilities.
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