277
These amount to Euro 1,175,121 thousand at 31 December 2013, compared with Euro 1,126,574 thousand at 31 December 2012.
Non-current borrowings from banks and other financial
institutions
At 31 December 2013, Non-current borrowings from banks
and other financial institutions, amounting to Euro 396,976
thousand, refer to the Company’s share of the outstanding
debt under the Credit Agreement 2011 entered into by
Prysmian S.p.A. on 7 March 2011, net of the related fees being
amortised.
Current borrowings from banks and other financial
institutions
The current portion of Borrowings from banks and other
financial institutions, amounting to Euro 88,041 thousand,
primarily reflects Euro 87,346 thousand for the Company’s
share of the outstanding debt repayable on 31 December 2014
under the Credit Agreement 2010, net of the related fees
being amortised, Euro 143 thousand in 2013 interest payable
on the Credit Agreement 2010, and Euro 329 thousand in 2013
interest payable on the Credit Agreement 2011.
Borrowings from banks and other financial institutions and
Bonds are analysed as follows:
10.
BORROWINGS FROM BANKS AND OTHER LENDERS
(in thousands of Euro)
31 December 2013
Non-current
Current
Total
Borrowings from banks and other financial institutions
396,976
88,041
485,017
Non-convertible bond
398,576
15,305
413,881
Convertible bond
263,401
1,187
264,588
Finance lease obligations
11,098
537
11,635
Total
1,070,051
105,070
1,175,121
(in thousands of Euro)
31 December 2012
Non-current
Current
Total
Borrowings from banks and other financial institutions
653,474
60,281
713,755
Non-convertible bond
397,515
15,304
412,819
Total
1,050,989
75,585
1,126,574
(in thousands of Euro)
31 December 2013 31 December 2012
Credit Agreements
(1)
484,794
713,033
Other borrowings
11,858
722
Borrowings from banks and other financial institutions
496,652
713,755
Non-convertible bond
413,881
412,819
Convertible bond
264,588
-
Total
1,175,121
1,126,574
(1) Credit Agreements refer to the following lines: Term Loan Facility 2010 and Term Loan Facility 2011.
