KONE’s cash and cash equivalents was EUR 249.6 (234.0) million and money market investments including short-term deposits EUR 623.6 (686.3) million on December 31, 2012. A significant part of the cash and cash equivalents and short-term investments are located in China, where there are restrictions for capital transfers. This reduces the total amount of liquidity available outside of China. KONE has also a commercial paper program of EUR 500 million and existing committed bi-lateral credit facilities of EUR 320 million to ensure sufficient liquidity.
Maturity analysis of financial liabilities and interest payments
Maturity structure of committed credit facilities