29. Loan payables
| Maturity date | 31.12.2023 | 31.12.2022 |
| Short-term | 508,971 | 295,416 |
| 1-2 years | 258,439 | 645,200 |
| 2-5 years | 136,745 | 136,572 |
| Over 5 years | 46,776 | 72,279 |
| Total | 950,931 | 1,149,467 |
| Long-term | ||||
| Lender | Loan currency | Security | 31.12.2023 | 31.12.2022 |
| PKO BP | PLN | Agreement closed in 2023. | 0 | 7,300 |
| BNP PARIBAS | PLN/EUR | Joint and several liability of the following companies: Grupa Kęty S.A., Alupol Packaging S.A., Aluprof S.A., Alupol Packaging Kęty Sp. z o.o., Alupol Films Sp. z o.o., plus blank promissory notes and promissory note declarations of the aforementioned companies. The total value of joint and several liability does not exceed the actual debt level plus the costs of credit – renewable credit facility, maximum debt level: PLN 400 million. | 0 | 317,677 |
| PKO BP | PLN/EUR | Joint and several liability of the following companies: Grupy Kęty S.A., Alupol Packaging S.A, Aluprof S.A., Alupol Packaging Kęty Sp. z o.o., plus blank promissory notes and promissory note declarations. The total value of joint and several liability does not exceed the actual debt level plus the costs of credit – renewable credit facility, maximum debt level: PLN 400 million. | 196,922 | 265,321 |
| mBank | PLN/EUR | Joint and several liability of Alupol Packaging Kęty Sp. z o.o. and Alupol Films Sp. z o.o., security bond of Alupol Packaging S.A. (up to PLN 108 million), mortgage, registered pledge for the total value of the property and fixed assets owned by Alupol Packaging Kęty sp. o.o., up to the amount of PLN 108 million. The total value of joint and several liability does not exceed the actual debt level plus the costs of credit – the credit is being repaid, and the current debt level is the highest possible. | 44,972 | 58,115 |
| PEKAO | PLN | Joint and several liability of Aluprof S.A. and Glassprof sp. z o.o., mortgage on the real properties of Aluprof S.A., as well as pledge on property, plant and equipment of Aluprof S.A., up to the maximum amount of PLN 225 million. The total value of joint and several liability does not exceed the actual debt level plus the costs of credit – the credit is being repaid, and the current debt level is the highest possible. | 125,000 | 150,000 |
| Unicredit (posojilo) | EUR | Blank promissory notes and promissory notes declarations. Pledge on real property of Aluminium Kety EMMI Slovenia. Comfort letter by Aluform Sp z o.o. – the loan is being repaid, and the current debt level is the highest possible. | 19,566 | 25,326 |
| BNP UK | EUR | Company security bond – the loan is being repaid, and the current debt level is the highest possible. | 235 | 323 |
| ING Bank Polska | PLN, EUR | Registered pledge on fixed assets (capped with the security amount of PLN 240 million) and assignment of rights under insurance policy. Contractual mortgage (capped to PLN 240 million) and assignment of rights under insurance policy. Joint and several liability of Aluform Sp. z o.o. and Grupa Kęty S.A., declaration of the Borrower on submission to enforcement in the form of a notarised deed, pursuant to Article 777 of the Civil Code. Maximum debt limit as at the balance-sheet date: PLN 200 million. | 39,565 | 0 |
| ING Bank Polska | PLN | Mortgage (up to PLN 96 million), plus declaration on submission to enforcement – the loan is being repaid, and the current debt level is the highest possible. | 15,700 | 29,989 |
| Total | 441,960 | 854,051 | ||
| Short-term | ||||
|
Lender |
Loan currency |
Security |
31.12.2023 |
31.12.2022 |
| PKO BP | PLN | Agreement closed in 2023. | 0 | 63,881 |
| PKO BP | PLN/EUR | Joint and several liability of the following companies: Grupy Kęty S.A., Alupol Packaging S.A, Aluprof S.A., Alupol Packaging Kęty Sp. z o.o., plus blank promissory notes and promissory note declarations. The total value of joint and several liability does not exceed the actual debt level plus the costs of credit – renewable credit facility, maximum debt level: PLN 400 million. | 0 | 103 |
| ING Bank Polska | PLN | Short-term part of the long-term loan Mortgage (up to PLN 96 million), plus declaration on submission to enforcement. | 6,342 | 14,540 |
| ING Polska | EUR/PLN | Joint and several liability of Grupa Kęty S.A. and Aluprof S.A. The total value of joint and several liability does not exceed the actual debt level plus the costs of credit – renewable credit facility, maximum debt level: PLN 65 million. | 63,672 | 37,924 |
| PEKAO |
PLN/EUR/ USD/GBP |
Joint and several liability of the following companies: Grupa Kęty S.A., Alupol Packaging S.A., Aluprof S.A., Aluform Sp. z o.o., Alupol Packaging Kęty Sp. z o.o., Alupol Films Sp. z o.o., and Aluminium Kęty EMMI d.o.o., Glassprof sp. z o.o., Aluprof System UK LTD, plus blank promissory notes and promissory note declarations of the aforementioned companies. The total value of joint and several liability does not exceed the actual debt level plus the costs of credit – renewable credit facility, maximum debt level: PLN 530 million. |
264,261 |
157,572 |
| Unicredit (posojilo) | EUR | Blank promissory notes and promissory notes declarations. Pledge on real property of Aluminium Kety EMMI Slovenia. Comfort letter by Aluform Sp z o.o. – the loan is being repaid, and the current debt level is the highest possible. | 16,279 | 9,314 |
| BNP PARIBAS | PLN | Short-term part of long-term loans – the same collaterals as in the case of the respective long-term loans. Joint and several liability of the following companies: Grupa Kęty S.A., Alupol Packaging S.A., Aluprof S.A., Alupol Packaging Kęty Sp. z o.o., Alupol Films Sp. z o.o., plus blank promissory notes and promissory note declarations of the aforementioned companies. The total value of joint and several liability does not exceed the actual debt level plus the costs of credit – renewable credit facility, maximum debt level: PLN 400 million. | 147,793 | 1,012 |
| mBank | PLN/EUR | Short-term part of long-term loans – the same collaterals as in the case of the respective long-term loans. Joint and several liability of Alupol Packaging Kęty Sp. z o.o. and Alupol Films Sp. z o.o., security bond of Alupol Packaging S.A. (up to PLN 108 million), mortgage, registered pledge for the total value of the property and fixed assets owned by Alupol Packaging Kęty sp. o.o., up to the amount of PLN 108 million. The total value of joint and several liability does not exceed the actual debt level plus the costs of credit – the credit is being repaid, and the current debt level is the highest possible. | 10,600 | 11,070 |
| Bank of America | USD | Working capital loan – Aluprof System USA Inc. | 24 | 0 |
| Total | 508,971 | 295,416 | ||
The Group loans bear interest at variable rates determined on arm’s length basis in reference to WIBOR/EURIBOR/SOFR, plus the bank margin or fixed interest rate. In 2023 and 2022, the Company complied with all credit/loan covenants.