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Note 19 Short-term borrowings


In € millions

2009

2010

 

 

 

Debt to credit institutions

209

168

Borrowings from associates and joint ventures

61

Current portion of long-term borrowings

114

739

Total

384

907

In June 2011, bonds totaling €0.5 billion will mature and are as such classified as short-term borrowings.

AkzoNobel has a $1.0 billion commercial paper program in the US and a €1.5 billion euro commercial paper program. On December 31, 2010, the commercial paper programs were not used (2009: € nil). The commercial paper programs can only be used to the extent that the equivalent portion of the revolving credit facility is not used. See also note 24.

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