Financial Information
Financing
To preserve a balanced capital structure and match financial resources with funding requirements, the key guidelines are that long-term debt is primarily used to support long-term investments, while short-term debt is used to support ongoing business in financing its main working capital needs
Sound Balance Sheet Structure
The balance sheet as of 31 December 2019 showed an excess of long-term resources of US$ 748 million
12,739
Fixed assets & investments
4,292
Other non-current assets (net)
1,413
Less liquid working capital
1,614
RMI
4,293
Liquid assets below 3 months
47
Current financial assets
1,080
Use of Capital
12,739
Equity
4,798
LT Debt
3,269
ST Debt
4,672
Source of Capital
12,739
Fixed assets & investments
4,292
Other non-current assets (net)
1,413
Less liquid working capital
1,614
RMI
4,293
Liquid assets below 3 months
47
Current financial assets
1,080
Use of Capital
12,739
Equity
4,798
LT Debt
3,269
ST Debt
4,672
Source of Capital
Long-term Financing Split by Nature
2019 (In US$ million)
Debt capital markets
1,307
%
Drawn revolving credit facilities
296
%
Term loans from banks
1,996
%
2018 (In US$ million)
Debt capital markets
1,302
%
Drawn revolving credit facilities
450
%
Term loans from banks
1,255
%
Debt capital markets
Drawn revolving credit facilities
Term loans from banks
Debt Maturity
In US$ million
2019
2018
0
0
Maturity between 1-2 years
0
0
Maturity between 2-3 years
0
0
Maturity between 3-4 years
0
0
Maturity between 4-5 years
0
0
Maturity > 5 years