35. Financial liabilities

Financial liabilities are made up as follows:

Financial liabilities
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in EUR thousands

28/2/2014

28/2/2013

Liabilities to banks

5,404

70,050

Liabilities from finance leases

535

634

Balance sheet amount

5,939

70,684

On 17 June 2011, a syndicated loan was taken out for a period of five years to secure the Nordzucker Group’s access to liquidity. The syndicated loan is available to fund short-term operating business and includes a revolving credit for EUR 465,000 thousand of which EUR 465,000 thousand (previous year: EUR 395,892 thousand) had not been used in the reporting period.

Interest on the revolving credit partly depends on certain financial indicators, such as the equity ratio and EBITDA in relation to debt and interest expense.

Further bilateral credit lines were also available as of the reporting date, of which EUR 35,000 thousand (previous year: EUR 47,727 thousand) had not been used.

In the reporting period and comparative period, the Nordzucker Group did not pledge any financial assets as collateral for financial liabilities.