Kuoni Financial Report 2009

Page 45

K uoni Group

Fina nci a l r eport 2009

43

24. Financial Debts

CHF 1 000

Bond Bank debts Other Total Of which: Current financial debts Non-current financial debts

31 Dec 2009

31 Dec 2008

198 165 63 198 1 981 263 344

0 33 084 5 227 38 311

6 204 257 140

7 396 30 915

Kuoni Travel Holding Ltd. issued a CHF 200 million bond at an annual interest rate of 3 % in October 2009. The bond was issued at 100.309 %. The bond has a duration of four years and matures on 28 October 2013. The effective interest rate applied is 3.27 %. The bond had a market value of 103 % at year-end (stock exchange price on 31 December). Bank debts consist of mortgages on properties and subsidiaries’ bank overdrafts. Financial debts are due as follows:

CHF 1 000

31 Dec 2009

31 Dec 2008

263 344 298 090 5 912 8 311 19 896 248 049 15 922

38 311 43 953 1 059 6 337 6 107 4 646 25 804

CHF 1 000

31 Dec 2009

31 Dec 2008

CHF EUR USD GBP Other Total

243 200 16 715 0 436 2 993 263 344

15 119 17 135 1 712 349 3 996 38 311

Statement of financial position value Contractual cash flows Up to 6 months 7 – 12 months 1 to 2 years 2 to 5 years Over 5 years Financial debts are denominated in the following currencies:


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