Long-term debt and short-term debt

Long-term debt

 
 
(range of) interest rates
average interest rate
amount outstanding
due in 1 year
due after 1 year
due after 5 years
average remaining term (in years)
amount
outstanding
2012
 
 
 
 
 
 
 
 
 
USD bonds
3.8 - 7.8%
5.6%
2,958
2,958
2,059
13.7
3,198
Convertible debentures
 
 
 
 
 
 
 
12
Private financing
 
 
 
 
 
 
 
2
Intercompany financing
0.0 - 2.3%
0.7%
2,296
2,296
0.6
442
Bank borrowings
1.5 - 2.2%
1.9%
450
250
200
200
3.6
450
Other long-term debt
1.8 - 19.0%
4.5%
47
47
1.0
49
 
 
 
5,751
2,593
3,158
2,259
 
4,153
Corresponding data previous year
 
 
4,153
614
3,539
3,289
 
4,030

The following amounts of the long-term debt as of December 31, 2013, are due in the next five years:

 
2014
2,593
2015
2016
2017
2018
899
 
3,492
Corresponding amount previous year
864

Short-term debt

Short-term debt includes the current portion of outstanding external and intercompany long-term debt of EUR 2,593 million (2012: EUR 614 million), other debt to group companies totaling EUR 10,976 million (2012: EUR 11,015 million) and short-term bank borrowings of EUR 76 million (2012: EUR 113 million).

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This is an interactive electronic version of the Philips Annual Report 2013 and also contains certain information in summarized form. The contents of this version are qualified in their entirety by reference to the printed version of the full Philips Annual Report 2013. This printed version is available as a PDF file on this website. Information about: forward-looking statements, third-party market share data, fair value information, IFRS basis of presentation, use of non-GAAP information, statutory financial statements and management report, reclassifications and analysis of 2013 compared to 2012.