Food Lion 2002 Annual Report Download - page 51

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|49
Long-term Borrowings
Financial liabilities (excl. liabilities under capital leases) are as follows:
(in thousands)
United States 2002 2001
USD EUR USD EUR
Debenture, 9.00%
(due 2031) 855,000 815,296 900,000 1,021,219
Notes, 8.125%
(due 2011) 1,100,000 1,048,918 1,100,000 1,248,156
Notes, 7.375%
(due 2006) 600,000 572,137 600,000 680,812
Debt securities, 7.55% to
8.05% (due 2007 to 2027) 270,808 258,232 293,539 333,075
Medium-term notes, 6.16%
to 14.15% (due 2003 to
2016) 97,536 93,007 108,492 123,105
Mortgages payable, 7.50%
to 10.20% (due 2003
to 2016) 33,551 31,993 39,839 42,205
Total non-subordinates
borrowings 2,956,895 2,819,583 3,041,870 3,451,572
Less : current portion (26,392) (25,166) (16,326) (18,525)
Total non-subordinated
borrowings, long-term*2,930,503 2,794,417 3,025,544 3,433,047
(in thousands of EUR)
Europe and Asia 2002 2001
Eurobonds, 4.625% (due 2009) 149,138 149,002
Eurobonds, 5.50% (due 2006) 150,000 150,000
Medium-term Treasury Program notes,
6.80% (due 2006) 12,395 12,395
Medium-term credit institution
borrowings, 3.11% and 5.14%,
respectively 16,151 14,392
Other 2,102 4,035
Total non-subordinated borrowings 329,786 329,824
Less: current portion (250) (1,735 )
Total non-subordinated borrowings,
long-term*329,536 328,089
(*) The total non-subordinated borrowings can be reconciled with the
captions “non-subordinated debenture loans” and “credit institutions” of
the Balance Sheet.
2004 2005 2006 2007 Thereafter Fair value
in millions of USD
Notes, due 2006 600.0 582.1
7.38%
Notes, due 2011 1,100.0 1,056.1
8.13%
Debentures, due 2031 855.0 693.0
9.00%
Medium term notes 5.1
8.71%
Debt securities 149.8 122.2 249.0
7.55% 8.05%
Mortgage payables 5.4 3.1 3.4 3.4 12.1 33.5
9.64% 9.10% 9.09% 9.00% 8.74%
Other notes 7.9 11.3 11.4 11.7 29.6 82.4
6.91% 6.99% 7.00% 7.01% 7.21%
in millions of EUR
1999 Eurobonds 150.0 112.5
4.63%
2001 Eurobonds 150.0 132.8
5.50%
Medium-term treasury program notes 12.4 12.7
6.80%
Medium-term credit institution
borrowings & other 18.3 18.3
3.25%
Interest rates on long-term financial liabilities are on average 7.8% (8.5% including capitalized lease commitments).