Maturity structure of long-term interest bearing liabilities
Maturities of financial liabilities and related finance costs as at 31 Dec. 2016
| € million | 2017 | 2018 | 2019 | 2020 | 2021− | Total | Balance sheet value |
| Borrowings from financial institutions | 5.0 | 0.3 | 0.1 | 0.1 | 1.7 | 7.3 | 7.3 |
| finance costs | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | |
| Private Placement notes (USD)* | 22.0 | 22.0 | 22.0 | ||||
| finance costs | 1.4 | 1.4 | 0.7 | 3.6 | |||
| Bonds | 225.0 | 225.0 | 225.0 | ||||
| finance costs | 6.2 | 6.2 | 12.4 | ||||
| Pension loans | 2.4 | 10.5 | 17.4 | 16.3 | 59.4 | 105.9 | 105.9 |
| finance costs | 1.1 | 1.0 | 0.8 | 0.7 | 1.6 | 5.3 | |
| Finance lease liabilities | 2.9 | 2.8 | 1.2 | 1.1 | 0.5 | 8.6 | 8.6 |
| finance costs | 0.3 | 0.2 | 0.1 | 0.1 | 0.1 | 0.7 | |
| Payables to K-retailers | 116.0 | 116.0 | 116.0 | ||||
| finance costs | 0.0 | ||||||
| Other interest-bearing liabilities | 29.6 | 29.6 | 29.6 | ||||
| finance costs | 0.0 | ||||||
| Non-current non-interest-bearing liabilities | 0.7 | 10.1 | 0.8 | 0.7 | 27.9 | 40.2 | 40.2 |
| Current non-interest-bearing liabilities | |||||||
| Trade payables | 1,069.8 | 1,069.8 | 1,069.8 | ||||
| Accrued expenses | 316.2 | 316.2 | 316.2 | ||||
| Other non-interest-bearing liabilities | 226.9 | 226.9 | 226.9 | ||||
| * The cash flows of Private Placement notes and related currency and interest rate derivatives are settled on a net basis. The interest rate derivative liability related to the arrangement is presented within other interest-bearing liabilities in the balance sheet. The amount of interest-bearing liability in the balance sheet arising from this credit facility totals €20.1 million (€50.2 million). | |||||||
| Guarantee maturities are €3.5 million in 2017 and €2.0 million in 2018−2021. | |||||||
Maturities of financial liabilities and related finance costs as at 31 Dec. 2015
| € million | 2016 | 2017 | 2018 | 2019 | 2020− | Total | Balance sheet value |
| Borrowings from financial institutions | 0.3 | 0.3 | 0.1 | 0.1 | 1.8 | 2.7 | 2.7 |
| finance costs | 0.0 | ||||||
| Private Placement notes (USD)* | 33.1 | 22.0 | 55.1 | 55.1 | |||
| finance costs | 2.5 | 1.4 | 1.4 | 0.7 | 6.0 | ||
| Bonds | 224.1 | 224.1 | 224.1 | ||||
| finance costs | 6.2 | 6.2 | 6.2 | 18.6 | |||
| Pension loans | 2.4 | 2.4 | 2.4 | 1.2 | 8.3 | 8.3 | |
| finance costs | 0.5 | 0.5 | 0.5 | 0.3 | 1.8 | ||
| Finance lease liabilities | 4.5 | 1.6 | 1.0 | 0.6 | 0.7 | 8.3 | 8.3 |
| finance costs | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.3 | |
| Payables to K-retailers | 114.5 | 114.5 | 114.5 | ||||
| finance costs | 0.0 | ||||||
| Other interest-bearing liabilities | 26.1 | 26.1 | 26.1 | ||||
| finance costs | 0.0 | ||||||
| Non-current non-interest-bearing liabilities | 0.7 | 10.6 | 1.7 | 0.8 | 28.5 | 42.2 | 42.2 |
| Current non-interest-bearing liabilities | |||||||
| Trade payables | 795.1 | 795.1 | 795.1 | ||||
| Accrued expenses | 282.7 | 282.7 | 282.7 | ||||
| Other non-interest-bearing liabilities | 212.6 | 212.6 | 212.6 | ||||