financial report and registration document 2011 - Groupe SEB
financial report and registration document 2011 - Groupe SEB
financial report and registration document 2011 - Groupe SEB
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5 Notes<br />
Consolidated fi nancial statements<br />
to the consolidated fi nancial statements<br />
CHARACTERISTICS OF BORROWINGS (NOMINAL AMOUNTS)<br />
At 31 December <strong>2011</strong><br />
(in € millions)<br />
Issuing<br />
currency Due<br />
Outst<strong>and</strong>ing<br />
balance<br />
in less than<br />
1 year in 1 to 5 years<br />
120 GROUPE <strong>SEB</strong> Financial Report <strong>and</strong> Registration Document <strong>2011</strong><br />
Due<br />
in more than<br />
5 years<br />
Original<br />
interest rate<br />
Rate after<br />
hedging<br />
French loan EUR 2012 10.0 10.0<br />
Floating<br />
Euribor Fixed<br />
Schuldschein loan EUR 2013 55.0 55.0 Fixed<br />
Floating<br />
Schuldschein loan EUR 2013 58.5 58.5<br />
Euribor<br />
Schuldschein loan EUR 2015 30.0 30.0 Fixed<br />
Floating<br />
Schuldschein loan EUR 2015 17.5 17.5<br />
Euribor<br />
Bonds EUR 2016 298.5 298.5 Fixed<br />
Commercial paper EUR 2012 173.3 173.3<br />
Floating<br />
Euribor Floating (a)<br />
Other bank borrowings,<br />
incl. overdrafts - 182.3 143.0 39.0 0.3 Floating<br />
Finance lease liabilities<br />
Non-discretionary profi t<br />
- - 4.2 1.7 2.5<br />
sharing liability EUR - 36.9 4.1 32.8<br />
TOTAL 866.2 332.1 533.8 0.3<br />
(a) A portion of issued commercial paper is hedged by fl oating-rate cross-currency swaps in order to cover subsidiaries’ fi nancing needs in their functional currency. Consequently, interest rates<br />
on this fi nancing are those applicable to borrowings in the main currencies concerned, i.e. US dollars, pounds sterling <strong>and</strong> Mexican pesos (see Note 26.2).<br />
All commercial paper is due in less than three months.<br />
LOAN MATURITIES (UNDISCOUNTED NOMINAL AMOUNTS, INCLUDING ACCRUED INTEREST)<br />
At 31 December <strong>2011</strong><br />
(in € millions)<br />
Issuing<br />
currency Due<br />
Scheduled<br />
repayments<br />
in less than<br />
1 year<br />
in 1<br />
to 5 years<br />
French loan EUR 2012 10.0 10.0<br />
Schuldschein loan EUR 2013 61.7 3.4 58.3<br />
Schuldschein loan EUR 2013 60.1 1.0 59.1<br />
Schuldschein loan EUR 2015 37.6 1.9 35.7<br />
Schuldschein loan EUR 2015 18.6 0.4 18.2<br />
Bonds EUR 2016 366.7 13.7 353.0<br />
Due<br />
in more than<br />
5 years<br />
TOTAL 554.7 30.4 524.3 0.0<br />
CONFIRMED CREDIT FACILITIES<br />
The Group also has unused, confi rmed credit facilities that break down as follows by maturity:<br />
At 31 December (in € millions)<br />
Confi rmed credit<br />
facilities <strong>2011</strong>*<br />
2012 637<br />
2013 613<br />
2014 583<br />
2015<br />
2016<br />
560<br />
* Unused confi rmed lines of credit at 31 December <strong>2011</strong>, of which:<br />
• a €30.0 million bilateral credit facility expiring in 2013;<br />
• a €46.8 million syndicated credit facility expiring in 2014;<br />
• a €560.0 million syndicated credit facility expiring in February 2016.<br />
None of these credit lines include any acceleration clauses.
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