Loans LongtermLong-term loans
Forty one percent of overdue mortgage loans have been like this for at least two years. Grab the International Pack for only 1 per £ per monthly for 3 monthly periods.
As of December 31, an analysis of changes in participations and loans is given below: Our first three-year credit line with a USD 3 million limit was USD 2.5 million at 31 December 2009 and 2008. As of December 31, 2009, the euro value amounted to ? 1.8 million (? 1.8 million as of December 31, 2008).
An extension has been made to the definitive date of payment of this facility. Second, with a maximal drawing capability of USD 8 million, the three and a half year term was USD 7 million. as of December 31, 2009 and 2008. As of December 31, 2009, the euro value amounted to ? 5.1 million (? 5.2 million as of December 31, 2008).
An extension has been made to the definitive date of payment of this credit. It had a term of one year and was prolonged until December 31, 2009. In November 2009, the loans were redeemed. As of December 31, 2008, the net amount was USD 4.1 million and ? 2.9 million, respectively.
Loans with a credit line of up to ? 3.4 million have a term of five years until June 2013. As of December 31, 2009, the net amount was ? 3.4 million (December 31, 2008: ? 2.5 million). As of April 1, 2008, the Company and its Panamanian affiliate Axalto Eastern Holding Inc (AEH) concluded an arrangement under which all interests and liabilities under the loans provided by AEH were transferred to the Company, resulting in the following borrowing positions: an interest-bearing US dollar borrowing with a principal of up to USD 10 million to Axalto Cards & Terminals Ltd maturing April 4, 2009.
At December 31, 2008, the net amount was USD 9.5 million (? 6.7 million). At December 31, 2008, the net amount was USD 5.4 million (? 3.8 million). In June 2009, the loans were redeemed. During 2008, Gemplus International S.A. (GISA) issued short-term loans, which were redeemed in GISA stock in the amount of ? 12.2 million.
GISA in December 2009 decreased its subscribed but unissued common stock by 79,451, which resulted in a borrowing liability to the Company in the same amount, and new short-term advance payments of 1,570 ? were made to GISA. The Company funded its Southern Africa affiliate with a non-interest bearing ZAR (South Africa Rand) facility on March 18, 2009.
Credit line of ZAR 110 million is available for five years until 18 March 2014. As of December 31, 2009, the portfolio was ZAR97. The Company funded its operations in Indonesia on July 28, 2009 with an interest-bearing US dollar (USD) borrowing. Loans with a credit line of up to TUSD 1,050 have a term of five years until July 28, 2014.
As of 31 December 2009, the net amount was TUSD 1,050 (? 0.7 million). GTS consented to loan or lending to GTS. The amount raised by the Company as of December 31, 2009 was ? 136. As of December 31, 2008, the Company had ?113 million in borrowings of ?1 million.