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JM Share > 16,600 0,24 % 21/09/2017, 13:00 GMT+1

Debt

The Jerónimo Martins Group seeks at all times to select, for every Company, the most appropriate sources of financing for each type of need.

Debt
(€ 000,000)20162015201420132012
Long term Debt112534374368565
as % of Total Borrowings33.3%81.2%52.4%53.5%80.8%
Bond Loans-150-225403
Private Placement----81
Fair Value Adjustment-----3
Commercial Papers-100--50
Other Debt11228437414335
Short term Debt224123340320134
as % of Total Borrowings66.7%18.8%47.6%46.5%19.2%
Total Borrowings335658714688699
Average Maturity (years)1.61.91.51.32.0
Net Debt-335187273346359
% Debt in Euros44.2%47.4%31.6%65.7%92.9%
% Debt in Zlotys27.8%40.4%57.3%28.0%6.6%
% Debt in Pesos27.9%12.2%11.1%6.4%0.5%

FINANCIAL OPERATIONS DIVISION

The Financial Operations Division is one of the Functional Divisions of the holding company, consisting simultaneously an area of corporate support and rendering of services to the Functional and operational divisions of the Group companies.

Among others, the Financial Operational Division is in charge of planning the most suitable financial sources according to need for all of Jerónimo Martins' Companies. The type of funding, corresponding terms, cost and back-up documentation must comply with the criteria established by Management.

Likewise, the Treasury is responsible for conducting business with financial institutions, optimising factors so that the best possible conditions may be obtained at all times.