121 / 147
14. SHORT-TERM BORROWINGS
(continued)
15 . LONG-TERM BORROWINGS
Currency breakdown of short-term borrowings is as follows:
There is no secured long term borrowing as of 31 December 2014 (2013: EUR 6,000,000).
Effective interest rates p.a. (%)
USD
EUR
Fixed / Variable
Min
Max
Min
Max
Long - term Borrowings
1,013,605,923
Variable
Libor+3,00% Libor+5,5%
Libor+3,7%
Finance lease obligations
980,262
Fixed
0,71% 5,72%
2,75% 5,80%
Total loans
1,014,586,185
Less: Current portion of long-term borrowings
(including interest accruals for long-term borrowings)
(196,305,723)
Total long-term borrowings, net of current portion
818,280,462
Effective interest rates p.a. (%)
USD
EUR
Fixed / Variable
Min
Max
Min
Max
Long - term Borrowings
858,148,096
Variable
Libor+2,10% Libor+5,50%
Cof+0,85% Libor+3,75%
Finance lease obligations
-
Fixed
0,71% 5,72%
3,00% 7,15
Total loans
858,148,096
Less: Current portion of long-term borrowings
(including interest accruals for long-term borrowings)
(126,371,732)
Total long-term borrowings, net of current portion
731,776,364
31 December 2014
31 December 2013
Currency
USD
Currency
USD
Currency
Amount
Equivalent
Amount
Equivalent
USD
396,804,923
396,804,923
321,015,060
321,015,060
EUR
82,626,097
100,506,139
88,636,086
121,953,888
GBP
584
908
795,241
1,310,548
TL
125,743,452
54,225,474
171,033,048
80,135,430
TENGE
7,467,207,526
40,860,233
2,568,646,110
16,647,091
DZD
210,118,603
2,395,251
211,068,693
2,704,362
594,792,928
543,766,379
31 December 2014
31 December 2013
BORUSAN HOLDING A.Ş. AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014
(Currency - US Dollars (“USD”) unless otherwise indicated)