- >Financial Report
- >Consolidated financial statements Geberit Group
- >Notes to the consolidated financial statements
- >Note 12
|Other short-term debt||3.7||3.9|
|Total short-term debt||3.7||3.9|
Short-term credit lines
The Group maintains credit lines of MCHF 45.6 (PY: MCHF 47.8) from various lenders, which can be canceled at short notice. The use of these credit lines is always short-term in nature and, accordingly, any amounts drawn are included in short-term debt. As of December 31, 2015 and 2014, the Group did not have any outstanding drawings on the above-mentioned credit lines.
Financing of the acquisition of Sanitec is described in detail in Note 2.
Other short-term debt
As of December 31, 2015, the Group had MCHF 3.7 in other short-term debt (PY: MCHF 3.9). This debt incurred an effective interest rate of 5.6% (PY: 5.5%).
Of the short-term debt outstanding as of December 31, 2015, MCHF 3.7 was denominated in EUR (PY: MCHF 3.9).