in PLN millions, unless otherwise stated
| As at 31 December 2020 |
As at 31 December 2019 |
|
|---|---|---|
| Bank loans | 1 965 | 2 337 |
| Loans | 2 377 | 2 575 |
| Debt securities | 2 000 | 2 000 |
| Debt securities | 586 | 613 |
| [Note 7.1] Non-current liabilities due to borrowings | 6 928 | 7 525 |
| Bank loans | 29 | 49 |
| Loans | 308 | 219 |
| Debt securities | – | 1 |
| Leases | 70 | 79 |
| [Note 7.1] Current liabilities due to borrowings | 407 | 348 |
| Total borrowings | 7 335 | 7 873 |
| [Note 8.5] Free cash and cash equivalents | 2 501 | 982 |
| Net debt | 4 834 | 6 891 |
| As at 31 December 2020 |
As at 31 December 2020 |
|
|---|---|---|
| PLN/WIBOR | 2 119 | 2 095 |
| EUR/EURIBOR | 26 | 45 |
| EUR/fixed | 42 | 12 |
| USD/USD LIBOR | 1 305 | 1 762 |
| PLN/fixed | 694 | 665 |
| USD/fixed | 3 094 | 3 256 |
| CAD/fixed | 51 | 22 |
| Other | 4 | 16 |
| Total | 7 335 | 7 873 |
As at 31 December 2020, the Group’s liabilities due to borrowing, debt securities issued and leases amounted to PLN 7 335 million, or USD 1 171 million, PLN 2 813 million, EUR 15 million, CAD 17 million and in other currencies in the amount of PLN 4 million (as at 31 December 2019 liabilities amounted to PLN 7 873 million, or USD 1 321 million, PLN 2 744 million, EUR 14 million, CAD 12 million and in other currencies in the amount of PLN 16 million).
As at 31 December 2020, the balance of trade payables transferred to reverse factoring by the Parent Entity amounted to PLN 1 264 million (as at 31 December 2019: PLN 596 million).
Trade payables transferred to reverse factoring are presented in the statement of financial position as “Trade and similar payables” and are in the category of “similar”, as due to the significant judgment of the Management Board of the Parent Entity presented in Note 10.4 these Consolidated financial statements, such a presentation most accurately presents the nature of these transactions.
The structure of debt confirms the effective advancing of the strategy of the Group, aimed at ensuring long term financial stability by basing the financial structure on diversified and long term financing sources.