Annual Report Gorenje Group 2009
Annual Report Gorenje Group 2009
Annual Report Gorenje Group 2009
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COMPANY - NOTE: INTEREST RATE RISK<br />
Note 35 – Interest rate risk<br />
Exposure to interest rate risk:<br />
in TEUR <strong>2009</strong> 2008<br />
Fixed rate financial instruments<br />
Financial assets<br />
Financial liabilities 22,872 22,632<br />
Variable rate financial instruments<br />
Financial liabilities 244,203 324,151<br />
Fair value sensitivity analysis for fixed rate instruments<br />
No fixed rate financial instruments at fair value through profit or loss and derivatives designated as fair<br />
value hedge are recorded. Therefore a change in the interest rate at the reporting date would not have<br />
any impact on net profit or loss.<br />
Fair value sensitivity analysis for variable rate instruments<br />
A change in the interest rate by 50 basis points (bp) at the reporting date would have increased<br />
(decreased) net profit or loss by the amounts shown below. This analysis assumes that all other<br />
variables, in particular foreign exchange rates, remain unchanged. The analysis has been performed<br />
on the same basis as for 2008.<br />
in TEUR Net profit or loss Other comprehensive income<br />
Increase Decrease Increase Decrease<br />
by 50 bp by 50 bp by 50 bp by 50 bp<br />
31 December <strong>2009</strong><br />
Variable rate instruments -810 810 0 0<br />
Interest rate swap contracts 51 -51 304 -304<br />
Cash flow variability (net) -759 759 304 -304<br />
31 December 2008<br />
Variable rate instruments -1,337 1,337 0 0<br />
Interest rate swap contracts 56 -56 319 -319<br />
Cash flow variability (net) -1,281 1,281 319 -319<br />
225<br />
<strong>Annual</strong> <strong>Report</strong> <strong>Gorenje</strong> <strong>Group</strong> <strong>2009</strong>
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