Tiscali 2009 Annual Report Download - page 128
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127
Breakdown of current and non-current debt
Provided in the table below.
Debt at
31/12/2009 Current Debt Non-current
Debt
Amounts owed to banks for loans (*)
Facility A 103,297 3,513 99,784
Facility B 39,797 1,013 38,784
Facility C 20,659 6,353 14,306
Total amounts owed to banks for loans 163,754 10,880 152,874
Total current bank payables 13,573 13,573 0
Total amounts owed to banks 177,327 24,453 152,874
Amounts owed to leasing firms
Sale and lease back – Sa llletta 56,253 0 56,253
Other financial leases 7,048 4,349 2,699
Total amounts owed to leasing firms 63,301 4,349 58,952
Total indebtedness 240,629 28,802 211,827
(*) The amount is for the GFA loan amounting to EUR 158.5 million in addition to payable interest accrued at 31 December 2009.
(**) Amounts owed for bank overdrafts
The portion of amounts owed to banks for loans, totalling EUR 10.8 million, is represented by:
• portion of cash deriving from the sale of unexercised trade options following the share capital increase
transaction, which shall be used to make an advance payment of part of the restructured debt (EUR
5.3 million);
• portion of principal, expiring on 30 June 2010 referring to Facility A amounting to EUR 2.5 million;
• portion of interest accrued referring to cash amount provided by the agreement and due within 12
months.
Debt ratio
31 December 2009 31 December 2008
(EUR 000)
Net debt (*) (224,410) (616,452)
Shareholders’ equity (**) (66,980) 4,777
Debt ratio (3,3) 129,0
(*) the debt includes short and medium/long-term borrowing
(**) shareholders’ equity includes all the Group’s capital and reserves
Consolidated Financial Statements and Explanatory Notes