PARENT COMPANY >
FINANCIAL STATEMENTS AND EXPLANATORY NOTES
318
| 2012 annual report prysmian group
Movements in Borrowings from banks and other lenders
The following tables report movements in borrowings from banks and other lenders:
(in thousands of Euro)
Credit
Bond
Other borrowings
Total
Agreements
Balance at 31 December 2011
462,117
411,817
2,001
875,935
Drawdowns
315,035
-
-
315,035
Repayments
(67,000)
-
(2,001)
(69,001)
Amortisation of bank and financial fees and other expenses
2,633
1,002
-
3,635
Interest and other movements
248
-
722
970
Total movements
250,916
1,002
(1,279)
250,639
Balance at 31 December 2012
713,033
412,819
722
1,126,574
(in thousands of Euro)
Credit
Bond
Other borrowings
Total
Agreements
Balance at 31 December 2010
76,888
410,858
1,276
489,022
Drawdowns
394,380
-
-
394,380
Repayments
(10,000)
-
(1,276)
(11,276)
Amortisation of bank and financial fees and other expenses
177
959
-
1,136
Interest and other movements
672
-
2,001
2,673
Total movements
385,229
959
725
386,913
Balance at 31 December 2011
462,117
411,817
2,001
875,935
Borrowings from banks and other lenders report an overall
change of Euro 250,639 thousand. Details of the main
movements are as follows:
- increase of Euro 315,035 thousand, for the Company’s Euro
320,000 thousand share of the Term Loan Facility (Credit
Agreement 2010), net of Euro 4,965 thousand for its share of
capitalised bank expenses;
- repayments of Euro 67,000 thousand against the Term Loan
Facility (Credit Agreement);
- changes in other borrowings mainly reflect the payment of
Euro 1,852 thousand in fees on undrawn revolving facilities and
loyalty fees, and the recognition of Euro 627 thousand in fees
for the period on the Revolving Credit Facilities 2010 and 2011.
