DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD. AND ...

Doosan Heavy Industries & Construction Co., Ltd. and SubsidiariesNotes to the Consolidated Financial StatementsFor the years ended December 31, 2012 and 201116. Debentures and Borrowings, Continued(2) Short-term borrowings as of December 31, 2012 and 2011 are summarized as follows:(In millions of won)Condition Interest rate (%) 2012 2011Short-term borrowings in local currency 4.64~6.96% ₩ 240,000 910,000Short-term borrowings in foreigncurrency0.87~3.50%LIBOR+2.00~3.75%EURIBOR+1.50~2.90%SBV's basic rate+1.50~4.50777,320 789,680₩ 1,017,320 1,699,680(3) Long-term borrowings as of December 31, 2012 and 2011 are summarized as follows:(In millions of won)Condition Interest rate (%) 2012 2011Long-term borrowings in local currency 3.53~5.57% ₩ 1,070,000 182,000Long-term borrowings in foreign currency4.70~6.49%LIBOR+2.66~7.50%377,938 352,266EURIBOR+1.50~3.75%Sub total 1,447,938 534,266Less current portion of long-term debt (90,165) (5,799)₩ 1,357,773 528,467The Group's property, plant and equipment (with a carrying amount of ₩ 691,611 million as of December31, 2012) were pledged as collateral for the above debentures and borrowings (Note 34).58