| As at 31.12.2014 | As at 31.12.2013 | |
|---|---|---|
| Bank credits | 655 911 | 780 729 |
| Loans | 330 280 | 458 104 |
| 986 191 | 1 238 833 | |
| Thereof: | ||
| Non-current | 476 932 | 634 693 |
| Current | 509 259 | 604 140 |
| 986 191 | 1 238 833 |
LOANS MATURITIES AND CURRENCY'S STRUCTURE
31 December 2014
| Currency | Reference rate | Carrying amount at the reporting date | Less than 1 year | 1-2 year(s) | 2-5 years | >5 years | |
|---|---|---|---|---|---|---|---|
| in original currency | in PLN | ||||||
| PLN | variable | 931 374 | 931 374 | 502 283 | 177 484 | 217 603 | 34 004 |
| EUR | variable | 9 122 | 38 882 | 1 550 | 35 629 | 1 703 | - |
| USD | variable | 4 543 | 15 935 | 5 426 | 5 426 | 5 083 | - |
| 986 191 | 509 259 | 218 539 | 224 389 | 34 004 | |||
31 December 20143
| Currency | Reference rate | Carrying amount at the reporting date | Less than 1 year | 1-2 year(s) | 2-5 years | >5 years | |
|---|---|---|---|---|---|---|---|
| in original currency | in PLN | ||||||
| PLN | variable | 1 163 822 | 1 163 822 | 578 391 | 180 932 | 357 848 | 46 651 |
| EUR | variable | 13 680 | 56 666 | 21 089 | 28 665 | 6 912 | - |
| USD | variable | 6 090 | 18 345 | 4 660 | 4 660 | 9 025 | - |
| 1 238 833 | 604 140 | 214 257 | 373 785 | 46 651 | |||
The financing of the Group is based on variable interest rates. Depending on the currency the rates are based on WIBOR, EURIBOR, LIBOR.
SECURITY GRANTED ON CREDITS AND LOANS
The security granted on credits and loans is presented in Note 10 (Property, plant and equipment), 15 (Inventories), 16 (Trade and other receivables) and 17 (Cash).
Additionally, the Group has established a pledge on all shares in Grupa Azoty PUŁAWY and Grupa Azoty POLICE as security for credits and loans.