|
|
03/31/2023 |
|
03/31/2024 |
|---|---|---|---|---|
|
|
|
|
|
Liabilities from the issue and transfer of bills of exchange |
|
0.0 |
|
0.0 |
Surety bonds and guarantees |
|
0.5 |
|
0.5 |
|
|
0.5 |
|
0.5 |
|
|
|
|
|
In millions of euros |
||||
In addition, there are long-term purchase commitments in connection with the Group’s raw material and energy supply, which are controlled by procurement management. As of the balance sheet date, there are long-term supply contracts for raw materials (in particular HBI, iron ore, coke, and coal) and operating supplies (in particular oxygen and nitrogen) resulting in other financial obligations with a nominal value of EUR 5,268.6 million, the majority of which are based on variable price formulas and can therefore be assumed to be transferable in the market. The remaining terms are 2 – 11 years.
In addition, there are other financial obligations with a nominal value of EUR 438.4 million from long-term energy purchase agreements (band hedges with energy supply companies and PPAs that do not fall under IFRS 16), the majority of which are based on fixed prices and are not measured as derivatives using the own use exemption in accordance with IFRS 9. The remaining terms are mainly 2 – 13 years.
