Annual Report 2010 - Enel.com

in long-term financial receivables of €5,477 million.
More specifically, bank loans totaled €15,584 million,
down €6,048 million, mainly due to:
> voluntary repayments of the 2007 and 2009 Credit Facilities
following the issue of bonds for retail investors
by Enel SpA, of which:
- €1,484 million related to the tranche maturing in
2012;
- €1,042 million related to the tranche maturing in
2014;
- €474 million related to the tranche maturing in 2016;
> repayments of bank loans and committed credit lines
by Endesa in the amount of €2,599 million.
Bonds amounted to €34,401 million, an increase of €2,512
million. They include, among others, the issue by Enel SpA
on February 26, 2010 of bonds for retail investors totaling
€3 billion maturing in 2016, of which €2 billion in fixedrate
notes and €1 billion in floating-rate notes.
Long-term financial receivables totaled €2,567 million,
down €5,477 million in reflection of the reclassification
from non-current to current of Endesa’s receivables in
respect of the Spanish rate deficit system, which are expected
to be collected within twelve months.
Net short-term financial debt showed a net creditor position
of €4,949 million at December 31, 2010, a change
of €8,013 million from the net debtor position posted at
the end of 2009. The change reflects a reduction of €1,155
million in short-term bank debt and an increase of €1,912
million in other loans, offset by a rise of €8,770 million in
cash and cash equivalents and short-term financial receivables.
Other short-term loans, totaling €9,978 million, include
the issues of commercial paper by Enel Finance International,
International Endesa, Endesa Capital and Térmica
Portuguesa in the amount of €7,405 million, as well as
bonds maturing within 12 months in the amount of
€1,854 million, of which about €716 million in bonds issued
by the Endesa Group, about €805 million in bonds
issued by Enel SpA and €195 million in a bond issued by
Slovenské elektrárne.
Cash collateral paid to counterparties in over-the-counter
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