Refinancing and liquidity risks 

The effective use of advance and progress payments is the most important means of managing the liquidity risk. In addition, in order to minimize funding and liquidity risks and to cover estimated financing needs, KONE has committed mainly 5 years bilateral credit facilities.

Maturity analysis of financial liabilities

Maturity 31.12.2008        
 MEUR  < 1 year 1-5 years   > 5 years  Total
 Loans Repayments outflow  11.5  160.2  12.2  183.9
  Interest outflow  1.0  25.3  0.6  26.9
 Derivative liabilities/assets Capital outflow  681.8  168.0  -  849.8
  Capital inflow  -707.4  -142.7  -  -850.1
  Interest outflow  2.3  0.7  -  3.0
  Interest inflow  -5.5  -2.2  -  -7.7
 Other liabilities Repayments outflow  111.9  -  -  111.9
  Interest outflow  22.4  -  -  2.4
Accounts payable Outflow  282.2  -  -  282.2
Accruals Outflow  412.7  -  -  412.7
 Total Total outflow  1505.8  254.2  12.8  1872.8
  Total inflow  -712.9  -144.9  -  -857.8
  Net outflow  792.9  209,.  12.8  1015.0

 

 Maturity 31.12.2007        
 MEUR  < 1 year 1-5 years   > 5 years Total
 Loans  Repayments outflow  61.8  162.5  13.3  237.6
  Interest outflow  2.3  25.5  1.1  28.9
 Derivative liabilities/assets Capital outflow  468.7  195.5  -  664.2
  Capital inflow  -471.9  -208.9  -  -680.8
  Interest outflow  2.2  2.7  - 4.9
  Interest inflow  -5.5  -7.7  -  -13.2
 Other liabilities Repayments outflow  130.0  -  -  130.0
  Interest outflow  1.7  -  -  1.7
Accounts payable Outflow  274.6  -  -  274.6
Accruals Outflow  362.9  -  -  362.9
Total Total outflow  1304.2  386.2  14.4  1704.8
  Total inflow  -477.4  -216.6  -  -694.0
  Net outflow  826.8  169.6  14.4  1010.8