12.07.2015 Views

Vivir mejor - Entel

Vivir mejor - Entel

Vivir mejor - Entel

SHOW MORE
SHOW LESS
  • No tags were found...

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

15. OTHER FINANCIAL LIABILITIESThe breakdown of this category for each period is given in the following table.12/31/2011Th.CLP$12/31/2010Th.CLP$CurrentInterest accruing loans 987,193 433,723Creditors for financial leasing 1,644,813 1,494,233Non-hedge derivatives 15,799,808 12,427,560Hedge derivatives 152,227 215,170Current subtotal 18,584,041 14,570,686NoncurrentInterest accruing loans 311,422,507 282,380,867Creditors for financial leasing 8,239,236 9,481,683Non-hedge derivatives - 1,688,763Hedge derivatives 33,842,271 56,779,729Noncurrent subtotal 353,504,014 350,331,042Total other financial liabilities 372,088,055 364,901,728_a) Loans Accruing Interest – As of December 31, 2011, the current values of the following bank loans were:179_Syndicated Loan administered by Citibank N.A. Balance of USD $400,000,000, at Libor USD 90 day + 0.275%._Credit provided by Scotiabank & Trust (Cayman) Ltd. and The Bank of Tokyo-Mitsubishi UFJ, Ltd. Joint loan for USD $200,000,000, at Libor USD 90 day + 0.95%_b) Hedge Derivatives – Cash flow - This balance corresponds to the market value of derivative contracts classified as hedges against exchange and interest raterisks, Cross Currency Swap (CCS), with respect to the syndicated loan administered by Citibank N.A. These CCS contracts include the substitution of obligationsfor USD $173 million at a rate of Libor 90 day + 0.275% for UF 4,491,000, and obligations in Chilean pesos for Th.CLP $22,600,000, both rates fluctuating between2.95% and 5.58%.Report 2011_c) Derivatives at Fair Value with Change in Income – This item includes foreign exchange futures contracts (FR), with a purchase obligation of USD $411 millionand EUR €3 million, in a total of Th.CLP $222,023,105.It also includes CCS contracts due to expire in June 2012, with a purchase obligation of USD $67 million, in UF 2,246,000. The interest rate for these CCS contractsis the Libor USD 90 day + 0.275% for components in dollars, with rates fluctuating between 2.95% and 3.05% for the UF component.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!