– by currency (translated into PLN)/ by interest rate
| 31/12/2019 | 31/12/2018 | |
|---|---|---|
| PLN – WIBOR | 2 | – |
| EUR – EURIBOR | 2,132 | 2,152 |
| USD – LIBOR USD | – | 5 |
| CAD – LIBOR CAD | 2 | 106 |
| 2,136 | 2,263 |
As at 31 December 2019 unused credit lines (note 13.5.4) increased by trade and other receivables (note 12.5.2) and cash and cash equivalents exceeded trade and other liabilities (note 12.5.3) by PLN 7,438 million.
The Group hedges partially cash flows related to interest payments regarding external financing in EUR and USD, by using interest rate swaps (IRS).
In the period covered by this consolidated financial statements as well as after the reporting date there were no cases of violations of loans or interests repayment.
In case of operating loans agreements, the ORLEN Group entities have obligation to maintain selected financial ratios within specified ranges. In 2019 these ratios assessed by the creditor banks were at a safe level. The value of covenant as at 31 December 2019 included in the loan agreement of PKN ORLEN (the ratio „consolidated net debt / EBITDA before net impairment allowances due to property, plant and equipment, intangible assets, right-of-use assets, other non-current assets and non-current assets classified as held for sale” calculated based on the definition of individual components from loan agreements) amounted to 0.27 and met the obligations contained in loan agreements.