ANNUAL REPORT 2008 - Gorenje Group

124
2008
Liquidity risk
Shown below is the maturity of financial liabilities:
31 December 2008
in TEUR
Carrying
amount
Contractual
cash flows
1 year or
less
1 – 2 years
2 – 5
years
More than
5 years
Non-derivative financial liabilities
Bank borrowings 466,093 492,980 259,155 69,700 161,545 2,580
Other financial liabilities 27,701 27,701 27,701
Trade and other payables 308,441 308,441 308,441
Total 802,235 829,122 595,297 69,700 161,545 2,580
Derivative financial liabilities
Interest rate swaps -10,078 -10,078 985 -11,013 -50
Forward exchange contracts used
for hedging
4,858 4,858 4,858
Outflow
Inflow 4,858 4,858 4,858
Total -5,220 -5,220 5,843 -11,013 -50
31 December 2007
in TEUR
Carrying
amount
Contractual
cash flows
1 year or
less
1 – 2 years
2 – 5
years
More than
5 years
Non-derivative financial liabilities
Bank borrowings 302,666 331,749 160,372 52,594 109,157 9,626
Other financial liabilities 8,776 8,776 8,776
Trade and other payables 273,707 273,707 273,707
Total 585,149 614,232 442,855 52,594 109,157 9,626
Derivative financial liabilities
Interest rate swaps 2,026 4,194 1,948 1,641 605 0
Forward exchange contracts used
for hedging
-1,073 -1,073 -1,073
Outflow -1,273 -1,273 -1,273
Inflow 200 200 200
Total 953 3,121 875 1,641 605 0
The following table shows the periods in which the cash flows from derivatives, which are cash flow
hedge, are expected to occur and their impact on profit and loss:
2008
in TEUR
Carrying
amount
Expected
cash flows
1 year or
less
1 – 5 years
Interest rate swaps
Assets (Liabilities) -10,078 -10,078 985 -11,063
Forward exchange contracts
Assets (Liabilities) 4,793 4,793 4,793
Total -5,285 -5,285 5,778 -11,063
More than
5 years