Chrysler 2013 Annual Report Download - page 207

206 Consolidated
Financial Statements
at 31 December 2013
Notes
27. Debt
Breakdown of debt by category and by maturity is as follows:
At 31 December 2013 At 31 December 2012
(€ million)
due within
one year
due between
one and
five years
due beyond
five years Total
due within
one year
due between
one and
five years
due beyond
five years Total
Asset-backed financing 586 10 - 596 436 13 - 449
Bonds 2,572 8,317 3,577 14,466 1,389 8,295 3,032 12,716
Borrowings from banks 2,436 5,609 607 8,652 2,489 5,084 566 8,139
Payables represented by securities 554 1,374 2,604 4,532 516 1,220 3,137 4,873
Other 990 348 318 1,656 981 352 379 1,712
Total Other debt 6,552 15,648 7,106 29,306 5,375 14,951 7,114 27,440
Total Debt 7,138 15,658 7,106 29,902 5,811 14,964 7,114 27,889
At 31 December 2013, Debt includes €9,458 million (€10,312 million at 31 December 2012) of Chrysler debt due to third parties.
Debt increased by €2,013 million at 31 December 2013. Net of foreign exchange translation effects and scope of consolidation, the increase
in Debt was €3,092 million: the Group issued new bonds for €2,866 million during the year and repaid bonds on maturity for €1,000 million;
during the year, medium and long-term loans obtained by the Group amounted to €2,593 million while medium and long-term borrowings
repayments amounted to €1,954 million(1).
Asset-backed financing represents the amount of financing received through factoring transactions which do not meet IAS 39 derecognition
requirements and is recognized as an asset in the Statement of financial position under Current receivables and other current assets (Note 18).
Asset-backed financing increased by €147 million in 2013.
(1) These amounts exclude the proceeds and repayments of €595 million arising from the amendments to the Tranche B Term Loan made in June 2013 by Chrysler.