Annual Report - EDP

notes to the consolidated EDP - and Energias company de Portugal, financial S.A. statementsfor the Notes years to the ended Consolidated 31 december and Company 2012 Financial and Statements 2011for the years ended 31 December 2012 and 2011GroupCompanyThousands of Euros Dec 2012 Dec 2011 Dec 2012 Dec 2011Debts and borrowings - Non-currentBank loans:EDP, S.A. 1,097,196 1,137,824 1,097,196 1,137,824EDP Finance B.V. 3,653,295 3,972,309 - -EDP Brasil Group 803,140 794,732 - -HC Energia Group 2,231 3,126 - -EDP Renováveis Group 792,181 680,350 - -EDP Produção 150,876 159,738 - -Portgás 35,609 43,278 - -6,534,528 6,791,357 1,097,196 1,137,824Non-convertible bond loans:EDP, S.A. 731,942 630,782 731,942 630,782EDP Finance B.V. 8,654,038 7,831,887 - -EDP Brasil Group 385,244 353,924 - -9,771,224 8,816,593 731,942 630,782Commercial paper:EDP, S.A. 196,976 - 196,976 -196,976 - 196,976 -Other loans:Investco preference shares 17,263 19,719 - -EDP Brasil Group 35,000 46,313 - -EDP Renováveis Group 21,787 24,284 - -EDP Produção 2,319 3,505 - -Others 1,163 517 - -77,532 94,338 - -16,580,260 15,702,288 2,026,114 1,768,606Accrued interest 20,056 11,802 - -Other liabilities:Fair value of the issued debt hedged risk 115,409 72,321 6,323 8,921Total Debt and borrowings - Non-current 16,715,725 15,786,411 2,032,437 1,777,527Collateral Deposits - Non-current(*)Collateral deposit - BEI -348,713 - -348,713 -Other collateral deposits -66,332 -68,372 - -Total Collateral Deposits - Non-current -415,045 -68,372 -348,713 -16,300,680 680 15,718,039 1,683,724 1,777,527The Group has "project finance" loans with the usual guarantees for such loans, namely pledged or promissory pledges over shares, bank accounts and assetsrelating to the projects. As at 31 December 2012 and 2011 these loans amounted to 1,018,578 thousands of Euros and 888,776 thousands of Euros, respectively(amounts already included in the Group’s consolidated debt).EDP Group has short-term credit facilities of 183,000 thousands of Euros, indexed to Euribor for the agreed period of use with spread conditions agreed in advance,and with a firm underwriting commitment, being 183,000 thousands of Euros available; as well as Commercial Paper programs of 300,000 thousands of Euros withguaranteed placement, being fully available. EDP Group has a medium term Revolving Credit Facility (RCF) of 2,000,000 thousands of Euros, with a firm underwritingcommitment, of which 1,700,000 thousands of Euros are available. For liquidity management needs in USD, has an RCF of 1,500,000 thousands of USD with a firmunderwriting commitment, which as at 31 December 2012 is totally drawn down.In non-current debt it is presented an amount of 200,000 thousands of Euros, with upfront interests paid in the amount of 3,024 thousands of Euros, relating to aCommercial Paper program with a firm underwriting commitment for a period exceeding one year.222A World Full Of Energy