Investor Presentaiton
88
A.P. Moller-Maersk Annual Report 2020
Financials
Consolidated financial statements
Notes index
Note 13 Borrowings and lease liability reconciliation - continued
Table 13.2
Net debt as at
Cash flows
31 December
2018
Bank and other credit institutions
Issued bonds
4,249
-997
5,373
-543
9,622
-1,540³
Total borrowings
Borrowings:
Classified as non-current
Classified as current
Leases:
Lease liabilities
Total leases
Leases:
Classified as non-current
Classified as current
Total borrowing and leases
Derivatives hedge of borrowings, net
8,036
1,586
Non-cash changes Net debt as at
31 December
Table 13.2
IFRS 16
adoption
Additions
Disposal
Foreign
Other¹
2019
exchange
movements
7
-57
98
46
-50
144
3,357
4,819
8,176
2,266
-1,3112
6,245
1,744
-323
2,266
-1,311
6,245
1,744
-323
55
7,455
721
-49
8,577
-49
8,577
1,858
7,295
408
1,282
11,888
-2,851
6,245
1,744
-323
-45
95
16,753
162
-84
57
37
172
Amounts in USD million =
The maturity analysis of lease liabilities is disclosed in
note 16.
1 Other includes fair value changes and amortisation
of fees.
2 Total cash outflow impact for leases for 2019 was
USD 3.3bn, of which USD 1.5bn to other lease expenses
and USD 477m relates to interest expense as disclosed
separately in note 8.
3 Total cash flow from borrowings amounts to USD
-1.5bn and cash flow from related hedges to USD 84m,
in total USD -1.5bn.View entire presentation