| Euro million |
Incl. Oi & Contax |
Excl. Oi & Contax |
|
|
| Amount |
% |
Amount |
% |
|
| By Interest |
|
|
|
|
| Fixed rate |
7,002 |
63.4% |
6,031 |
85.2% |
| Floating rate |
4,035 |
36.6% |
1,050 |
14.8% |
| Gross debt |
11,037 |
100.0% |
7,081 |
100.0% |
| Cash, equivalents & short-term investments |
2,936 |
|
2,292 |
|
| Tax effect on pension debt due to the Portuguese State |
189 |
|
189 |
|
| Adjusted net debt |
7,912 |
|
4,601 |
|
| Average cost of net debt |
7.33% |
|
5.34% |
|
| Average cost of gross debt |
6.47% |
|
4.86% |
|
| Average maturity of net debt (years) |
5.2 |
|
5.4 |
|
|
|