198
Using the functional currency in which they were subscribed, total loans on 31
st
December 2014 and 2013 were
as follows:
Dec. 2014
Dec. 2013
EUR
31.280.550
40.872.340
USD
3.125.000
3.750.000
AOA
610.208.343
295.208.333
At the end of the year the Group had 20,8 million euros of unissued commercial paper programmes and avail-
able but not disposable credit lines.
In 2012, subsidiary Asurebi subscribed a derivative financial instrument for cash-flows hedging with an interest
rate Swap. In 2014 due to changes in the related loan swap conditions were adjusted as follows:
– Initial date: September, 5 2015;
– Expiration date: July, 15 2019;
– Fixed interest rate: 0,78%;
– Variable interest rate: Euribor 1M;
– Total amount: 10 million euros, reduces with debt repayment plan.
As the derivative financial instrument was not registered under hedge accounting, its changes in fair value are
reflected in the income of the year (78.826 euros).
The liabilities from financial leasing may be broken down as follows:
Dec. 2014
Dec. 2013
Capital em dívida:
Up to 1 year
-
61.483
Over 1 year and until 5 years
-
-
-
61.483
