Page 116 - EVRY Annual Report 2012

Annual Accounts Group 116
Exchange rates of relevance:
NOK million
2012
Average
2012
Spot
2011
Average
2011
Spot
2010
Average
2010
Spot
SEK 0.8593 0.8549 0.8631 0.8701 0.8402 0.8707
EUR 7.4744 7.341 7.7926 7.754 8.0068 7.8125
USD 5.821 5.5664 5.6074 5.9927 6.0453 5.8564
GBP 9.2199 8.9958 8.9841 9.2829 9.3402 9.068
C) Liquidity risk
NOK million 2012 2011 2010
Liquidity reserve 31 December 2 013 1 931 1 952
Liquidity reserve/Revenues last 12 months 16 % 15 % 22 %
Share of current interest bearing liabilities 0.96 % 1.01 % 23.3 %
Maturity profile for financial liabilities:
NOK million Total 0 - 1 year 1- 5 year
More than
5 years
Accounts payable 637.6 637.6 - -
Deductions and duties payable 1 161.7 1 161.7 - -
Financial leasing 65.9 34.4 31.5 -
Other current liabilities 924.4 924.4 - -
Maturity credit facility 3 502.0 - 3 502.0 -
Interests * 990.0 165.0 825.0 -
Total financial liabilities 7 281.6 2 923.1 4 358.5 -
* Estimate based on 12-month NIBOR/STIBOR and 75 %/25 % balance of NOK/SEK, average interest rate 4.72 %.
D) Energy contracts
NOK million 2012 2011 2010
Fair value energy contracts -2.0 -0.4 12.2
Ineffective part of hedging -1.6 -12.6 9.9
Changes in the market value of hedging instruments since 31 December 2012 are recognised as part of comprehen-
sive income. If any part of the hedging is evaluated as not effective, the change in value is recognised as “Other
financial income/expense”.