ANNUAL REPORT 2008 - Gorenje Group

122
2008
Note 35 – Current financial liabilities
263,676 TEUR
in TEUR 2008 2007
Current borrowings from banks 185,377 113,692
Current portion of non-current financial liabilities to banks 64,404 49,313
Current borrowings from other entities 2,121 2,527
Current portion of non-current financial liabilities to others 0 54
Interest payable 1,100 582
Dividend payable 204 172
Fair value of derivatives 10,470 1,073
Total 263,676 167,413
Current borrowings from banks
Interest rate
Currency Amount in currency (in 000) Amount in TEUR from to
EUR 223,934 3.50 % 4.14 %
CZK 464,302 17,276 3.90 % 4.50 %
DKK 35,157 4,719 4.50 % 7.10 %
USD 3,100 2,227 1.14 % 1.39 %
PLN 5,089 1,225 6.38 %
MKD 14,064 232 7.63 %
RSD 15,000 168 19.28 %
Total 249,781
Current borrowings from other entities
Interest rate
Currency Amount in currency (in 000) Amount in TEUR from to
EUR 2,121 3.80 % 4.10 %
Other
Total 2,121
The effective interest rate is equal to the contractual interest rate.
Collateralisation
in TEUR
Bills 223,915
Financial covenants 75,795
Guarantees 45,400
Mortgage 0
Some non-current borrowings are simultaneously secured by several forms of collateralisation.
Guarantees include guarantees and sureties issued by Gorenje, d.d., and Gorenje BeteiligungsGmbH
to the commercial banks to secure liabilities of Group companies.
Note 36 – Trade and other payables
223,660 TEUR
Within total trade and other payables in the amount of TEUR 223,660, no payables to the members
of the Management Board, the Supervisory Board and internal owners are recorded as of the
balance sheet date.
Note 37 – Other current liabilities
79,164 TEUR
in TEUR 2008 2007
Payables to employees 13,753 7,752
Payables to state institutions 9,482 12,010
Short-term accrued costs and expenses 25,316 18,745
Other payables 30,613 13,039
Total 79,164 51,546
Payables to employees and payables to state institutions in respect of contributions and taxes refer
to wages and salaries for December paid in January of the following year.