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Interest rate risk

The Group entered into bank overdraft agreements and working capital loan agreements with variable interest rate WIBOR increased by plus the relevant banks’ margin. 

Liabilities due to bank borrowings
Type of loanBalanceContract
validity
As at
31 December 2017
As at
31 December 2016
working capital loan  - 34 929 08.11.2018
   - 34 929  

File in XLSX format 
Liabilities due to bank borrowings file .xlsx11,3 kB

Interest rate risk – sensitivity to changes

The Group’s exposure to changes in interest rates primarily concerns cash and cash equivalents and also bank loans and other liabilities based on variable interest rates basing on WIBOR + margin. The Group does not use any security against interest rate risk as currently the interest risk of the existing debt has been considered relatively low in respect of its impact on the Group’s performance. Measures aimed at reducing the risk of changes in interest rates include current monitoring of the situation in the money market.

Year ended 31 December 2017amount of exposureincrease / decrease by
0,50 p. p.- 0,50 p. p.
Cash at bank (fair value) 114 738 574 (574)
Finance lease liability (current amount) 1 416 7 (7)
Bank loans and borrowings (capital)  -  -  -
Gross impact on the results for the period and net asssets   581 (581)
Deferred tax   (110) 110
Total   470 (470)
Year ended 31 December 2016amount of exposureincrease / decrease by
0,50 p. p.- 0,50 p. p.
Cash at bank (fair value) 136 905 685 (685)
Finance lease liability (current amount) 3 286 16 (16)
Bank loans and borrowings (capital) 34 929 175 (175)
Gross impact on the results for the period and net asssets   876 (876)
Deferred tax   (166) 166
Total   709 (709)

File in XLSX format
Interest rate risk – sensitivity to changes file .xlsx11,7 kB


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