Loans and Borrowings
Loans and Borrowings
32. Loans and borrowings are specified as follows:
| Non-current borrowings from credit institutions |
30,961 |
| Convertible notes |
1,860 |
| Short-term loans from credit institutions |
1,945 |
| Total loans and borrowings |
34,766 |
| Current maturities and short-term loans |
( 4,614 ) |
| Loans to finance prepaid aircraft acquisition |
( 8,545 ) |
| Non-current loans and borrowings total |
21,607 |
33. Non-current borrowings from credit institutions are specified as follows:
|
Average |
Total |
|
|---|---|---|
| Debt in USD |
6.1% |
24,430 |
| Debt in EUR |
6.3% |
2,623 |
| Debt in GBP |
8.6% |
353 |
| Debt in NOK |
7.2% |
167 |
| Debt in JPY |
3.7% |
124 |
|
27,697 |
||
| Debt in ISK indexed |
6.5% |
781 |
| Debt in ISK not indexed |
17.5% |
2,483 |
| Total non-current borrowings |
30,961 |
The Company is working on restructuring unfavourable loans in the amount of ISK 5,000
millions. The loan will be in different compositions of currencies and the restructuring will
be finalized at the end of February.
34. Contractual repayments of non-current borrowings are specified as follows:
| Financing of prepaid aircraft acquisition |
8,545 |
| Other repayments |
2,669 |
| Repayments in 2007 |
11,214 |
| Repayments in 2008 |
3,526 |
| Repayments in 2009 |
2,025 |
| Repayments in 2010 |
7,211 |
| Repayments in 2011 |
3,394 |
| Subsequent repayments |
3,591 |
| Total non-current borrowings |
30,961 |
