CORRAL PETROLEUM HOLDINGS AB (PUBL) - Preem

Loan conditions, effective interest rate and maturity structure:Nominal ValueLocal CurrencyEffectiveInterestRateLess than1 Year 1-5 YearsUSD, variable interest rate.................................... 333 3.18 2,263 -SEK, variable interest rate .................................... 7,408 4.56 7.408 -EUR, fixed interest rate ........................................ 320 13.10 2,128 757USD, fixed interest rate ........................................ 305 13.10 1,819 255Total borrowing excl. bank overdraft............... 13,618 1,012Transaction costs .................................................. (277) -Total borrowing incl. transaction costs............. 13,342 1,01214,354The remaining average fixed-interest period as of December 31, 2010 was approx. 7.0 months. The table aboveincludes the effect of interest rate swaps. All contracts have expired during the current year and no new contracts havebeen signed.Compliance with special loan conditionsBorrowing totaling SEK 9,671 million in both SEK and USD comprises a syndicated loan and is subject to aclause on a requirement to comply with conditions relating to a minimum level of equity, net debt in relation to equity,interest cover ratio and net debt in relation to EBITDA. As at 31 December 2010 there are no defaults outstanding.NOTE 29. BANK OVERDRAFT, ETC.2010 2009Authorized credit limit bank overdraft ....................................................................................... 190 190Unutilized element...................................................................................................................... 190 190Utilized credit ............................................................................................................................. - -Other unutilized creditAuthorized credit limit................................................................................................................ 1,736 1,424Total unutilized credit................................................................................................................. 1,926 1,614NOTE 30. DERIVATIVES2010 2009Assets Liabilities Assets LiabilitiesInterest rate swaps........................................................................... - - - 53Oil derivatives................................................................................. 21 13 54 45Total............................................................................................... 21 13 97Of which long-term elementInterest rate swaps........................................................................... - - - -Short-term element....................................................................... 21 13 54 97Derivatives held for trading are classified as current assets or current liabilities. The full fair value of aderivative is classified as a non-current asset or non-current liability if the item’s outstanding duration is more than12 months and as a current asset or current liability if the item’s outstanding duration is less than 12 months.The maximum exposure to credit risk as of the balance sheet date is the fair value of the derivatives recorded asassets in the balance sheet.Interest rate swapsThe nominal amount for outstanding interest swap contracts on December 31, 2010 totaled SEK 0 million(2,381). Gains and losses on interest rate swaps are recorded in the profit (loss) for the year on an ongoing basis.F-37