Loans and interest rate hedges
VVO Group loans and interest rate hedging by loan group
| EUR million |
|
31 March 2014 |
31 March 2013 |
31 Dec 2013 |
| Interest subsidy loans |
|
612.8 |
606.3 |
611.9 |
| Annuity and mortgage loans |
|
308.1 |
322.4 |
312.6 |
| Market loans |
|
852.2 |
666.3 |
802.0 |
| Other loans |
|
20.4 |
30.8 |
21.0 |
| Commercial papers |
|
38.0 |
41.5 |
47.5 |
| Total |
|
1,831.50 |
1,667.30 |
1,795.10 |
|
|
|
|
|
|
1 January – 31 March 2014 |
1 January – 31 March 2013 |
| Interest costs from property loans |
EUR million |
Average interest % |
EUR million |
Average interest % |
| Interest subsidy loans *) |
2.4 |
1.6 |
2.9 |
1.9 |
| Annuity loans |
3.1 |
4.0 |
3.5 |
4.4 |
| Market loans |
3.4 |
1.8 |
2.9 |
1.9 |
| - Including hedging costs |
5.5 |
2.9 |
4.9 |
3.1 |
| Other loans |
0.1 |
3.8 |
0.2 |
3.6 |
| Property loans in total |
11.1 |
2.6 |
11.5 |
2.9 |
|
|
|
|
|
| Interest rate hedges, EUR million |
|
31 March 2014 |
31 March 2013 |
31 Dec 2013 |
| Market-based loans |
|
852.2 |
666.3 |
802 |
| - With fixed interest |
|
247.9 |
167.1 |
252.2 |
| - With floating rates |
|
604.3 |
499.2 |
549.8 |
| Interest rate derivative agreements |
|
390.8 |
349.1 |
344.9 |
| Interest rate options |
|
28.0 |
28.0 |
28.0 |
| Value of interest rate derivatives |
|
-32.8 |
-36.6 |
-27.6 |
| Degree of hedging |
|
75% |
77% |
74% |
|
|
|
|
|
| | | | | |
*) The interest subsidy paid by the State to banks was EUR 0.1 (0.1) million.
