Page 210 - ENAV eng_Relazione_Finanziaria_Annuale_2014

208 ENAV – 2014 Financial Statements

The following table provides an analysis of the Company’s loans, including
the general conditions for each of its relationships with the lender
concerned.

Lender Type Ceiling Drawn down Availability Carrying Interest rate
(nominal amount
value)

BNL-BNP Paribas Credit line - 37,000 - 37,000 - Euribor + 1,9
MedioCredito Centrale overdraft 9,962 Euribor + 3,5
Credito Valtellinese 10,000 10,000 -
BNL-BNP Paribas Medium/long- - Euribor + 4,5
term - 5 years 5,000 - 5,000 - Euribor + 1,9
UniCredit
Credit line - 50,000 - 50,000
UniCredit overdraft
10,000 - 10,000 - Euribor + 2,5
UniCredit 13 months - 1
day 15,000 - 15,000 - Euribor + 2,5
Intesa Sanpaolo
Intesa Sanpaolo Current 40,000 - 40,000 - Euribor + 2,5
UniCredit account
UniCredit advances - 60,000 - 60,000 - Euribor + 1
EIB - European Investment suppliers 60,000 60,000 -
Bank 40,000 40,000 - 14,999 Euribor + 2,75
Total Current 100,000 100,000 -
account 180,000 100,000 31,819 Euribor + 0,34
advances - on 607,000 310,000 80,000
invoices issued 297,000 69,652 Euribor + 0,34

Lending 100,000 Fixed rate +
advances 226,432 1,515
(no restriction

on use)

Advances on
invoices

Medium/long-
term - 3 years

Medium/long-
term - 5 years

Medium/long-
term - 5 years

Medium/long-
term - 15 years

The average interest rate charged on bank loans during the year was 1.8%,
in line with the previous year, benefiting from the combined effect of a
reduced average use of the short-term credit lines during the year and a
decrease in the spreads charged.