Page 172 - KELAG Annual Report 2019
P. 172

other hand. Reflecting the overarching corporate strategy, ensuring adequate liquidity reserves
                                      and maintaining an excellent credit rating remain primary objectives of the KELAG Group. The
                                      liquidity risk can therefore be classified as moderate, which has also been confirmed by the rating
                                      agency.

                                      The presentation of the contractually agreed (undiscounted) cash outflows associated with the
                                      financial liabilities in the KELAG Group within the scope of IFRS 7 breaks down as follows:











                                      in EUR m                                    2020   2021-2024   from 2025
                                       Bonds                                       9.4       177.8      159.0
                                       Financial liabilities due to banks         24.8       30.8        76.0
                                       Financial liabilities to others             9.3        6.5        10.2
                                       Derivative financial instruments for finance purposes   0.0   0.4   0.0
                                       Lease liabilities                           2.2        5.4         6.5
                                       CASH OUTFLOWS FOR FINANCIAL LIABILITIES    45.7      220.8       251.7
                                       Trade payables                             76.5        0.0         0.0
                                       Liabilities to other investees and investors   4.0     0.0         0.0
                                       Liabilities to affiliates                  23.2        0.0         0.0
                                       Derivative financial instruments relating to energy   45.3   7.1   0.0
                                       CASH OUTFLOWS FROM TRADE PAYABLES AND
                                       OTHER LIABILITIES                         149.0        7.1        0.0
                                       CASH OUTFLOWS FROM LIABILITIES PURSUANT
                                       TO IFRS 7                                 194.7      228.0       251.7
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