Annual report 2022

23 Borrowings

 

 

2022

millions of CHF

 

Non-current borrowings

 

Current borrowings

 

Total

Balance as of January 1

 

238.9

 

16.3

 

255.3

Cash flow from proceeds

 

 

310.5

 

310.5

Cash flow for repayments

 

–3.0

 

–161.6

 

–164.6

Changes in amortized costs

 

1.0

 

 

1.0

Reclassifications

 

10.0

 

–10.0

 

Currency translation differences

 

–0.1

 

–0.1

 

–0.2

Total borrowings as of December 31

 

246.9

 

155.1

 

402.0

 

 

2021

millions of CHF

 

Non-current borrowings

 

Current borrowings

 

Total

Balance as of January 1

 

239.5

 

46.5

 

286.0

Cash flow from proceeds

 

265.2

 

107.6

 

372.8

Cash flow for repayments

 

–255.1

 

–245.9

 

–501.0

Contribution from/to Sulzer group

 

–1.4

 

97.8

 

96.4

Reclassifications

 

–10.0

 

10.0

 

Currency translation differences

 

0.7

 

0.4

 

1.0

Total borrowings as of December 31

 

238.9

 

16.3

 

255.2

In 2021, the group arranged two committed syndicated credit facilities (A and B) for a total amount of CHF 400.0 million, both maturing in September 2027. The credit facilities include two one-year extension options (subject to lenders’ approval), of which the first extension option has been selected by the group and approved by the lenders.

Borrowings by currency

 

 

2022

 

 

millions of CHF

 

in %

 

Interest rate

CHF

 

400.7

 

99.7

 

1.4%

EUR

 

1.2

 

0.3

 

1.8%

USD

 

0.1

 

0.0

 

0.9%

Total as of December 31

 

402.0

 

100.0

 

 

 

2021

 

 

millions of CHF

 

in %

 

Interest rate

CHF

 

246.9

 

96.7

 

1.0%

EUR

 

8.0

 

3.1

 

0.3%

GBP

 

0.4

 

0.1

 

1.0%

USD

 

0.0

 

0.0

 

0.9%

Total as of December 31

 

255.2

 

100.0