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

 

Documents

 
 
 

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.

 
 
 
 
 
 
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