Consolidated financial statement of JSW S.A. Capital Group for 2012
17. Loans and borrowings
| |
31 Dec 2012 |
31 Dec 2011 |
| Long-term: |
|
|
| Bank loans |
109.1 |
137.9 |
| Loans |
80.8 |
103.3 |
| Short-term: |
|
|
| Bank loans |
37.3 |
158 |
| Loans |
38.4 |
29.6 |
| Total |
265.6 |
428.8 |
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The currency structure of the Group's loans is as follows:
| |
31 Dec 2012 |
31 Dec 2011 |
| PLN |
146.4 |
243.8 |
| EUR |
- |
52.1 |
| Total |
146.4 |
295.9 |
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The currency structure of the Group's borrowings is as follows:
| |
31 Dec 2012 |
31 Dec 2011 |
| PLN |
119.2 |
132.9 |
| Total |
119.2 |
132.9 |
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The Group has at its disposal the following unused credit facilities:
| |
31 Dec 2012 |
31 Dec 2011 |
| Unused credit facilities |
200.2 |
252.5 |
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Average interest rate on loans and borrowings:
| |
31 Dec 2012 |
31 Dec 2011 |
| PLN |
5.79% |
5.22% |
| EUR |
- |
1.85% |
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The fair value of loans and borrowings is not significantly different from their book value.
As at 31 December 2012, loans and borrowings were secured as follows:
- real estate mortgage of PLN 584.9 million,
- blank promissory notes of PLN 368.3 million,
- registered pledge agreements on movable assets of PLN 800.0 million,
- transfer of receivables under selected product sale contracts of PLN 12.7 million,
- bank guarantees of PLN 4.3 million.
Additionally, optional security up to PLN 150.0 million has been established for some of the loans and borrowings.
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