|
NOTE 28
|
LIQUIDITY RISK
|
||||
|
Liquidity risk - operations
|
|||||
|
Liquidity risk concerning operations relates primarily to the risk that Elopak, Telecomputing, Mestergruppen, Servi and Swix will not be able to service their financial obligations as they fall due. This risk is managed by maintaining adequate cash reserves and overdraft opportunities in banking and credit facilities, as well as continuously monitoring future and actual cash flows.
|
|||||
|
The following tables provide an overview of the Group's contractual maturities of financial liabilities. The tables are compiled based on the earliest date the Group may be required to pay.
|
|||||
|
31 December 2013
|
|||||
|
NOK 1 000
|
Less than 1 year
|
1-3 years
|
3-5 years
|
Total
|
|
|
Finance institutions
|
525 844
|
324 049
|
3 192 937
|
4 042 830
|
|
|
Accounts payable
|
1 074 147
|
1 074 147
|
|||
|
Related parties
|
|
|
|
||
|
Other non-current liabilities
|
256 120
|
45 084
|
301 204
|
||
|
Other current liabilities
|
935 883
|
935 883
|
|||
|
Total 1)
|
2 535 874
|
580 169
|
3 238 021
|
6 354 064
|
|
|
31 -December 2012
|
|||||
|
NOK 1 000
|
Less than 1 year
|
1-3 years
|
3-5 years
|
Total
|
|
|
Finance institutions
|
362 440
|
2 840 370
|
2 442 733
|
5 645 543
|
|
|
Accounts payable
|
755 698
|
755 698
|
|||
|
Related parties
|
11 498
|
32 731
|
44 229
|
||
|
Other non-current liabilities
|
164 550
|
141 530
|
306 080
|
||
|
Other current liabilities
|
1 106 157
|
1 106 157
|
|||
|
Total 1)
|
2 224 295
|
3 016 418
|
2 616 994
|
7 857 707
|
|
|
1) The table does not include lease obligations, guarantees and off-balance sheet liabilities, cf. notes 25 and 29 respectively.
|
|||||
|
The table below shows the anticipated receipts and payments on derivatives:
|
|||||
|
31 December 2013
|
|||||
|
NOK 1 000
|
Less than 1 year
|
1-3 years
|
More than
3 years
|
Total
|
|
|
Net settlement
|
|
||||
|
- Interest rate swaps
|
1 915
|
5 750
|
18 022
|
25 687
|
|
|
- Currency futures
|
- 35 969
|
- 19 892
|
- 3 437
|
- 59 298
|
|
|
- Commodity derivatives
|
|
|
|||
|
Total
|
- 34 054
|
- 14 142
|
14 585
|
- 33 611
|
|
|
31 December 2012
|
|||||
|
NOK 1 000
|
Less than 1 year
|
1-3 years
|
More than
3 years
|
Total
|
|
|
Net settlement
|
|
||||
|
- Interest rate swaps
|
51 446
|
51 446
|
|||
|
- Currency futures
|
10 252
|
10 252
|
|||
|
- Commodity derivatives
|
- 600
|
- 600
|
|||
|
Total
|
61 098
|
|
|
61 098
|
|
|
Credit facilities
|
|||||
|
The table below shows a summary of used and unused credit facilities at 31 December:
|
|||||
|
2013
|
2012
|
||||
|
Used
|
Unused
|
Used
|
Unused
|
||
|
Overdraft
|
|||||
|
-Secured
|
122 925
|
256 587
|
47 078
|
314 940
|
|
|
-Unsecured
|
163 744
|
526 438
|
54 982
|
440 696
|
|
|
Credit facilities
|
|||||
|
-Secured
|
2 300 529
|
7 716 123
|
1 604 440
|
1 567 090
|
|
|
- Unsecured
|
|||||
|
Factoring
|
|||||
|
- Secured
|
514 191
|
268 634
|
4 311
|
15 561
|
|
|
-Unsecured
|
|
391 113
|
416 599
|
||
|
Total secured
|
2 937 645
|
8 241 344
|
1 655 829
|
1 897 591
|
|
|
Total unsecured
|
163 744
|
526 438
|
446 095
|
857 295
|
|
© Copyright 2013 Ferd. All rights Reserved | Personvern
Design by Design Container AS | CMS by Snapper Net Solutions AS