- JSW GROUP
- Our surrounding
- Strategy
- Activities in 2018
- Innovations
- Management rules
- Risks
- Outlook
| 31.12.2018 | 31.12.2017 | |
|---|---|---|
| LONG-TERM: | 36.5 | 70.6 |
| Bank loans | – | 21.3 |
| Borrowings | 36.5 | 49.3 |
| SHORT-TERM: | 33.5 | 51.6 |
| Bank loans | 21.3 | 44.7 |
| Borrowings | 12.2 | 6.9 |
| TOTAL | 70.0 | 122.2 |
The fair value of loans and borrowings is not significantly different from their carrying amount.
Loans and borrowings taken as at 31 December 2018 by maturity:
| Currency of the loan/borrowing | Value of the loan/borrowing at the end of the reporting period | of which, repayable: | ||||
|---|---|---|---|---|---|---|
| short-term | long-term | |||||
| up to 1 year to 2 years |
from 2 years up to 3 years |
from 3 years to 5 years |
above 5 years |
|||
| loans | ||||||
| PLN | 21.3 | 21.3 | – | – | – | – |
| borrowings | ||||||
| PLN | 48.7 | 12.2 | 11.0 | 11.0 | 14.5 | – |
| TOTAL | 70.0 | 33.5 | 11.0 | 11.0 | 14.5 | – |
Loans and borrowings taken as at 31 December 2017 by maturity:
| Currency of the loan/borrowing | Value of the loan/borrowing at the end of the reporting period |
of which, repayable: | ||||
|---|---|---|---|---|---|---|
| short-term | long-term | |||||
| up to 1 year to 2 years |
from 2 years up to 3 years |
from 3 years to 5 years |
above 5 years |
|||
| loans | ||||||
| PLN | 66.0 | 44.7 | 21.3 | – | – | – |
| borrowings | ||||||
| PLN | 56.2 | 6.9 | 12.8 | 20.0 | 16.5 | – |
| TOTAL | 122.2 | 51.6 | 34.1 | 20.0 | 16.5 | – |
The Group has at its disposal the following unused credit facilities:
| 31.12.2018 | 31.12.2017 | |
|---|---|---|
| Unused credit facilities | 0.8 | 0.9 |
Loans and borrowings bear interest at a floating interest rate.
As at 31 December 2018, loans and borrowings were secured as follows:
If the loans and borrowings are secured with non-current assets then additional security is provided in the form of an assignment of rights under insurance agreements for these assets. Blank promissory notes are another form of security used to secure liabilities under contracted loans and borrowings.