Page 35 - Kitron Annual Report 2011

Basic HTML Version

Notes to the consolidated financial statements
Amounts in NOK 1000
2011
2010
Long-term loans
Leasing
37 839
38 473
Other
15 295
359
Total
53 134
38 832
Current loans
Bank overdraft
35 245
15 094
Factoring debt
199 974
200 872
Leasing
10 823
9 234
Total
246 042
225 201
Total loans
299 176
264 033
Periods to maturity of long-term loans:
(Amounts in NOK 1000)
2011
2010
Between one and two years
12 663
18 087
Between two and five years
40 471
20 745
More than five years
-
-
Total
53 134
38 832
Effective interest rate at the balance sheet date:
2011
2010
                  NOK
Other
                 NOK
Other
Bank overdraft
4,25%-5,25%
3,4%-4,25%
4.0% - 4.8%
4.5% - 6.0%
Other loans
4,5%-6,7%
3,3%-7,8%
4.3% - 6.7%
4.0% - 4.6%
Carrying amount and fair value of long-term loans:
Carrying amount
Fair value
(Amounts in NOK 1000)
           2011
2010
          2011
2010
Leasing
37 839
38 473
33 066
35 218
Other
15 295
359
13 158
329
Total
53 134
38 832
46 224
35 547
Fair value is based on discounted cash flow with a discount rate of 6.0 per cent (2010: 6.0 per cent).
The carrying amount of current loans is virtually identical with fair value.
Note 21 Borrowings