Südzucker International Finance B. V. Südzucker AG ... - Xetra

5 Receivables from affiliated companies28 February2003(in 5)28 February2002Loans to affiliated companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 775,000,000 795,920,000Interest receivable on loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 493,951 1,315,026Commitment fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . – 5,555Interest receivable swap (fixed part) . . . . . . . . . . . . . . . . . . . . . . . 37,176,750 10,881,833Interest payable swap (variable part) . . . . . . . . . . . . . . . . . . . . . . . (4,086,333) (1,086,800)808,584,368 807,035,614The loans to affiliated companies consist of:– EUR 570,500,000 which bears an interest percentage of 3.135% and expires on 13 March 2003;– EUR 44,500,000 which bears an interest percentage of 3.195% and expires on 13 March 2003;– EUR 60,000,000 which bears an interest percentage of 3.445 % and expires on 13 March 2003;– EUR 100,000,000 which bears an interest percentage of 2.995% and expires on 22 April 2003.The interest receivable and payable (swap) relate to two inter group swap agreements:– effective 21 July 2000 for a 10 year period. The group company pays a fixed interest rate of 5.99%per year on EUR 300 million, in exchange for a variable rate of interest of 3 Month EURIBOR onEUR 300 million paid by SZIF B. V.– effective 13 March 2002 for a 10 year period. The group company pays a fixed interest rate of5.43% per year on EUR 500 million, in exchange for a variable rate of interest of 3 MonthEURIBOR on EUR 500 million paid by SZIF B. V.Taking into account the interest swap long term and short-term interest effects of the basictransaction have been matched.6 Bonds discount28 February2003(in 5)Balance as at 1 March 2002:Bond discount at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,545,000Cumulative amortisation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (943,012)Bond discount book value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,601,988Movements:Amortisation 2002/2003 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (854,500)Balance as at 28 February 2003:Bond discount at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,545,000Cumulative amortisation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,797,512)Bond discount book value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,747,488The bond discounts will be amortised over a period of ten years and are related to the 6.25 % Bondissued 8 June 2000 and the 5.75% Bond issued 27 February 2002.F-93