| Euro million |
Incl. Oi & Contax |
Excl. Oi & Contax |
|
 |
| Amount |
% |
Amount |
% |
|
| Short-term debt |
3,402 |
27.4% |
2,820 |
31.5% |
|
| Bonds |
1,543 |
12.4% |
1,295 |
14.5% |
|
| Bank loans |
582 |
4.7% |
269 |
3.0% |
|
| Liability related to equity swaps on treasury shares |
178 |
1.4% |
178 |
2.0% |
|
| Commercial Paper |
570 |
4.6% |
570 |
6.4% |
|
| Leasings |
29 |
0.2% |
29 |
0.3% |
|
| Other financings |
500 |
4.0% |
480 |
5.4% |
|
| Long-term debt |
9,006 |
72.6% |
6,140 |
68.5% |
|
| Exchangeable bonds |
721 |
5.8% |
721 |
8.0% |
|
| Bonds |
4,367 |
35.2% |
3,686 |
41.1% |
|
| Bank loans |
3,302 |
26.6% |
1,240 |
13.8% |
|
| Leasings |
40 |
0.3% |
40 |
0.4% |
|
| Other financings |
576 |
4.6% |
454 |
5.1% |
|
| Gross debt |
12,408 |
100% |
8,960 |
100% |
|
| Cash, equivalents & short-term investments |
3,867 |
31.2% |
2,584 |
28.8% |
|
| TEF receivable |
2,000 |
16,1% |
2,000 |
22.3% |
|
| Adjusted cash, equivalents & short-term investments |
5,867 |
47.3% |
4,584 |
36.9% |
|
| Tax effect on unfunded post retirement benefits |
226 |
1.8% |
226 |
2.5% |
|
| Adjusted net debt |
6,315 |
50.9% |
4,151 |
33.5% |
|
| Average cost of debt |
n.a. |
|
3.4% |
|
|
| Average maturity (years) |
5.9 |
|
5.9 |
|
|
|
|