Arla Foods Annual Report 2020
Management Review Our Strategy
Our Brands and Commercial Segments Our Responsibility Our Governance
Our Performance Review Our Consolidated Financial Statements Our Consolidated Environmental, Social and Governance Data
Funding
4.3 NET INTEREST-BEARING DEBT
Table 4.3.b Borrowings
(EURM)
2020
2019
Table 4.3.c Cash flow, net interest-bearing debt
(EURM)
Long-term borrowings:
Issued bonds
299
382
Mortgage credit institutions
1,033
957
Cash flow
Non-cash changes
Foreign
Included in
Acqui-
exchange
financing sitions and
move-
Fair value
31
1 January
activities additions Reclasses
ments
changes December
Bank borrowings
455
458
2020
Lease liabilities
177
154
Pension liabilities
249
-10
7
1
247
Total long-term borrowings
1,964
1,951
Long-term borrowings
1,951
70
-84
5
22
Short-term borrowings
789
-90
84
-17
Short-term borrowings:
Total interest-bearing debt
2,989
-100
70
-5
23
1,964
766
2,977
Issued bonds
100
Commercial papers
Mortgage credit institutions
Bank borrowings
Lease liabilities
Other current liabilities
192
9
UK pension assets
531
525
Securities and other
56
59
Interest-bearing assets
70
13
Cash
Total short-term borrowings
766
789
Net interest-bearing debt
-26
-440
17
-2
1
-424
-187
50
11
-126
2,362
-59
70
25
6
23
2,427
25
25
2
-1
Total interest-bearing borrowings
2,730
2,740
Long- and short-term borrowings payments of EUR 90 million (EUR 0 million and EUR 90 million respectively) reconciles to the cash
flow statement as loans obtained, net of EUR 24 million and lease payments of EUR 66 million.
101 ARLA FOODS ANNUAL REPORT 2020
2019
Pension liabilities
224
-10
-1
-5
41
249
Long-term borrowings
1,510
408
57
-38
-8
22
1,951
Short-term borrowings
930
-179
38
789
Total interest-bearing debt
2,664
219
57
-1
-13
63
2,989
UK pension assets
-4
-27
16
-2
17
Securities and other
Interest-bearing assets
-475
37
-3
1
-440
Cash
-119
-66
-2
-187
Net interest-bearing debt
2,066
163
57
12
-16
80
2,362
Long- and short-term borrowing payments totalling EUR 229 million (EUR 408 million and EUR -179 million respectively)
equals net impact of cash flow received from new loans, EUR 295 million, and cash payments related to lease arrangements
EUR-66 million.View entire presentation