- Statement of Management's Responsibilities
- Independent Auditor's Report
- The consolidated financial statements
- Notes to the Consolidated Financial Statements
- General Information
- Main Accounting Policies
- Main Assumptions
- Risk Report
- Segment Reporting
- Notes to the Statement of Financial Position
- Intangible assets
- Property, plant and equipment
- Investment property
- Investments in associates
Financial assets 7
- Reinsurers' share of technical provisions
- Receivables
- Other assets
- Cash and cash equivalents
- Non-current assets held for sale
- Equity
- Subordinated liabilities
- Insurance technical provisions and insurance technical provisions for unit-linked insurance contracts
- Employee benefits
- Other provisions
- Deferred tax assets and liabilities
- Other financial liabilities
- Operating liabilities
- Other liabilities
- Notes to the Income Statement
- Other Information
- Appendix
6.17 Other financial liabilities
Other financial liabilities
|
|
|
in EUR |
|
|
2011 |
2010 |
|
Loans secured by fixed-return securities |
500,000 |
8,700,000 |
|
Loans from banks |
14,867,924 |
13,705,631 |
|
Loans from other institutions |
395,308 |
1,606,405 |
|
Long-term liabilities for a finance lease |
6,721,004 |
7,286,371 |
|
Other financial liabilities |
17,006,884 |
3,572,018 |
|
TOTAL FINANCIAL LIABILITIES |
39,491,120 |
34,870,425 |
As at 31 December 2011 the Group has outstanding liabilities for loans totalling EUR 15.8 million (vs. EUR 24.0 million as at 31 December 2010). Outstanding liabilities refer to loans received by non-insurance group entities in the amount of EUR 8.8 million and loans received by insurance group entities in the amount of EUR 7.0 million.
The interest rates on these loans range between 2.5% and 6.5%. The interest rates linked to 3M or 6M EURIBOR was 1.3% to 4.0% plus margin.
Long-term liabilities for a finance lease are related to Triglav Osiguranje, Zagreb in the amount of EUR 6.6 million. These amounts are intended for completing the construction of an office building in Zagreb and Belgrade.
Other financial liabilities mostly refer to liabilities for security purchases.