285 348
285
31 December 2013
Due within 1 year
Due between 1-2 years
Due between 2-5 years
Due after 5 years
Borrowings from banks and other lenders
140,204
418,298
672,715
-
Finance lease obligations
778
651
1,954
10,626
Derivatives
88
36
-
-
Trade and other payables
325,051
-
-
-
Total
466,121
418,985
674,669
10,626
31 December 2014
Due within 1 year
Due between 1-2 years
Due between 2-5 years
Due after 5 years
Borrowings from banks and other lenders
474,328
420,612
348,484
8,337
Finance lease obligations
699
652
1,911
9,960
Derivatives
176
-
-
-
Trade and other payables
255,320
-
-
-
Total
730,523
421,264
350,395
18,297
(d) Credit risk
The Company does not have significant concentrations of
credit risk insofar as almost all its customers are companies
belonging to the Group. There are also no significant past due
receivables that have not been written down.
(e) Liquidity risk
Prudent management of the liquidity risk arising from the
Company's normal operations involves the maintenance of
adequate levels of cash and cash equivalents, short-term
securities and funds obtainable from an adequate amount of
committed credit lines. The Company's Finance Department
prefers flexibility when sourcing funds by using committed
credit lines.
At 31 December 2014, cash and cash equivalents stood at
Euro 2,314 thousand, compared with Euro 4,600 thousand
at 31 December 2013. The Company can draw down on the
credit lines granted to the Group in the form of the Revolving
Credit Facility 2011 (Euro 400 million), the Revolving Credit
Facility 2014 (Euro 100 million) and the Syndicated Revolving
Credit Facility 2014 (Euro 1,000 million). More details can be
found in the Explanatory Notes to the Consolidated Financial
Statements (Section D. Financial risk management).
The following table presents an analysis, by due date, of the
payables and liabilities settled on a net basis. The various due
date categories refer to the period between the reporting date
and the contractual due date of the obligations.
(in thousands of Euro)
(in thousands of Euro)