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 20110The fair value of EDP Group’s debt is analysed as follows:0Dec 2012Dec 2011Carrying Market Carrying MarketThousands of Euros amount value amount valueDebt and borrowings - Current 3,807,503 3,452,211 2,998,698 2,650,355Debt and borrowings - Non-current 16,715,725 17,164,909 15,786,411 13,939,71720,523,228 20,617,120 18,785,109 16,590,072In accordance with accounting policies - note 2 d) and f), the financial liabilities risks hedged by derivative financial instruments that comply with hedge accountingrequirements in IAS 39, are stated at fair value. The liabilities which the Group has considered as at fair value through profit or loss (fair value option) are also stated atfair value. The remaining financial liabilities are booked at amortised cost.As at 31 December 2012, scheduled repayments of Group's debt and borrowings including interest accrued are as follows:FollowingThousands of Euros 2013 2014 2015 2016 2017 years TotalDebt and borrowings - Non-current - 3,628,541 3,396,826 3,333,080 1,986,948 4,370,330 16,715,725Debt and borrowings - Current 3,807,503 - - - - - 3,807,5033,807,503 3,628,541 3,396,826 3,333,080 1,986,948 4,370,330 20,523,228Future payments of capital in debt and interests and guarantees are detailed in note 44.Future debt and borrowings payments and interest by type of loan and currency are analysed as follows:FollowingThousands of Euros 2013 2014 2015 2016 2017 years TotalBank loans:Euro 2,415,111 641,451 506,810 744,239 850,536 884,953 6,043,100Brazilian Real 64,187 106,817 79,175 37,958 38,429 322,133 648,699US Dollar 6,008 1,136,880 795,513 - - - 1,938,401Others 73,277 70,043 71,626 36,868 26,454 200,599 478,8672,558,583 1,955,191 1,453,124 819,065 915,419 1,407,685 9,109,067Bond loans:Euro 719,625 1,398,277 1,799,642 2,250,000 1,043,160 1,339,623 8,550,327Brazilian Real 161,094 254,975 57,701 51,043 22,193 3,231 550,237US Dollar 28,216 - 75,792 - - 1,595,096 1,699,104908,935 1,653,252 1,933,135 2,301,043 1,065,353 2,937,950 10,799,668Commercial paper:Euro 324,089 - - 196,976 - - 521,065324,089 - - 196,976 - - 521,065Other loans:Euro 3,084 10,694 2,994 9,201 1,305 - 27,278Brazilian Real 10,189 6,637 6,072 5,294 4,246 24,695 57,133US Dollar 1,122 1,266 - - - - 2,388Others 1,501 1,501 1,501 1,501 625 - 6,62915,896 20,098 10,567 15,996 6,176 24,695 93,4283,807,503 3,628,541 3,396,826 3,333,080 1,986,948 4,370,330 20,523,22836. EMPLOYEE BENEFITSEmployee benefits are analysed as follows:GroupThousands of Euros Dec 2012 Dec 2011Provisions for social liabilities and benefits 939,399 1,003,943Provisions for medical liabilities and other benefits 994,026 819,2151,933,425 1,823,158Provisions for social liabilities and benefits as at 31 December 2012 include 932,194 thousands of Euros relating to retirement pension defined benefit plans (31December 2011: 994,661 thousands of Euros) and 7,205 thousands of Euros (31 December 2011: 9,282 thousands of Euros) related to the estimated cost of servicesrendered by third parties under the human resources rationalisation program.224A World Full Of Energy