Mercedes 1999 Annual Report Download - page 107

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(in millions of €, except per share amounts)
Weighted average interest rates for notes/bonds, commercial paper
and liabilities to financial institutions are 6.9%, 5.6% and 4.7%, re-
spectively, at December 31, 1999.
Commercial paper is denominated in euros and U.S. dollars and in-
cludes accrued interest. Bonds and liabilities to financial institu-
Financial liabilities 36,721 6,617 6,996 2,750 2,857 8,547
20012000 2003 2004 there-
after
2002
tions are largely secured by mortgage conveyance, liens and as-
signment of receivables of approximately €1,599 (1998: €1,526).
Aggregate amounts of financial liabilities maturing during the
next five years and thereafter are as follows:
At December 31, 1999, the Group had unused short-term credit
lines of €12,821 (1998: €7,984) and unused long-term credit lines
of €11,046 (1998: €10,903). In July 1999, DaimlerChrysler consoli-
dated its existing credit facilities into a $17 billion revolving credit
facility with a syndicate of international banks. The new credit
agreement is divided into two tranches. The first tranche is a
multi-currency revolving credit facility which allows
DaimlerChrysler AG and several subsidiaries to borrow up to $5
billion with a maturity of 7 years at interest rates based on LIBOR.
The second tranche is a revolving credit facility which allows
DaimlerChrysler North America Holding Corporation, a wholly-
owned subsidiary of DaimlerChrysler AG, to borrow up to $12 bil-
lion ($6 billion with a maturity of 5 years and $6 billion with a
maturity of 1 year) at various interest rates. The $12 billion revolv-
ing credit facility serves as a back-up for certain commercial paper
drawings.
24. TRADE LIABILITIES
At December 31, 1999
Total
15,786 26 1 12,848 54 1
Total
Due after
one year
Due after
one year
Trade liabilities
Due after
five years
At December 31, 1998
Due after
five years
25. OTHER LIABILITIES
At December 31, 1999
Total
411 56 5 6 349 – –
1,193 3 – 665 20 11
8,682 229 9 8,235 587 2
10,286 288 65 9,249 607 13
Total
Due after
one year
Due after
one year
Liabilities to affiliated companies
Liabilities to related companies
Other liabilities
Due after
five years
At December 31, 1998
Due after
five years
Liabilities to related companies are primarily obligations to Airbus
Industrie G.I.E., Toulouse.
As of December 31, 1999, other liabilities include tax liabilities of
€871 (1998: €1,025) and social benefits due of €758
(1998: €759).
26. DEFERRED INCOME
As of December 31, 1999, €907 of the total deferred income is to
be recognized after more than one year (1998: €986).
101
NOTES TO THE CONSOLIDATED BALANCE SHEETS