Corral Petroleum Holdings AB (publ) Business Update ... - Preem

to manage our foreign currency risk. See “—Fluctuations in Foreign Currency Exchange Rates” for a discussion of ourexposure to changes in the dollar-krona and euro-krona exchange rates.As of June 30, 2011, our krona-denominated variable-rate indebtedness totaled SEK 6,999 million, ourdollar-denominated variable-rate indebtedness totaled $731 million and our euro-denominated variable-rate indebtednesstotaled €0 million (including short-term and long-term indebtedness). As of June 30, 2011, our krona-denominated fixed-rateindebtedness totaled SEK 0 million, our dollar-denominated fixed-rate indebtedness totaled $325 million (including shorttermand long-term indebtedness) and our euro-denominated fixed-rate indebtedness totaled €342 million (including shorttermand long-term indebtedness). As of June 30, 2011, we had cash and cash equivalents in foreign currencies amounting toSEK 812 million, of which the equivalent of SEK 741 million was denominated in dollars and the equivalent of SEK71 million was denominated in euro.As of December 31, 2010, our krona-denominated variable-rate indebtedness totaled SEK 7,408 million, ourdollar-denominated variable-rate indebtedness totaled $637 million and our euro-denominated variable-rate indebtednesstotaled €320 million (including short-term and long-term indebtedness). As of December 31, 2010, we had cash and cashequivalents in foreign currencies amounting to SEK 364 million, of which the equivalent of SEK 362 million wasdenominated in dollars and the equivalent of SEK 2 million was denominated in euro.The table below presents, as of December 31, 2010, a summary of our current and long-term debt which are derivedfrom our audited consolidated financial statements.December 31, 2010Borrower Current debt Long-term debt Total debt(in millions SEK)Corral Petroleum Holdings ....................................................................... 3,947 1,012 4,959Structurally senior debtPreem........................................................................................................ 9,671 — 9,671Subsidiaries of Preem ............................................................................... — — —Total......................................................................................................... 13,618 1,012 14,630The table below presents, as of December 31, 2010, a summary of our long-term financial instruments, includingtheir current positions, by functional currency and expected maturity dates, which are derived from our audited consolidatedfinancial statements.Payment Due PeriodTotalValuePercentage ofTotal LongTerm Debt %EstimatedFair Value2011 2012 2013 2014 2015 2016+(in millions SEK, except %)Krona-denominatedindebtedness as ofDecember 31, 2010:Fixed rate debt—amount due ...... — — — — — — — — —Variable rate debt—amount due . — — — — — — — — —Dollar-denominatedindebtedness as ofDecember 31, 2010:Fixed rate debt—amount due ...... — — — — 255 — 255 25.0 —Variable rate debt—amount due . — — — — — — — — —Euro-denominatedindebtedness as ofDecember 31, 2010:Fixed rate debt—amount due ...... — — — — 757 — 757 75.0 —Variable rate debt—amount due . — — — — — — — — —As of December 31, 2009, our krona-denominated variable-rate indebtedness totaled SEK 7,965 million. As ofDecember 31, 2009, our dollar-denominated variable-rate indebtedness totaled $1,143 million. As of December 31, 2009,our euro-denominated variable-rate indebtedness totaled €388 million (including short-term and long-term indebtedness).As of December 31, 2009, we had cash and cash equivalents in foreign currencies amounting to SEK 230 million, ofwhich the equivalent of SEK 224 million was denominated in dollars, the equivalent of SEK 5 million was denominated ineuro and the equivalent of SEK 1 million was denominated in Polish zloty.31