CSL Ltd Annual Report 2020

CSL Limited Annual Report 2020 122 Notes to the Financial Statements d. Funding and liquidity risk Maturity Profile of Debt by Facility (US$ millions) ● Private Placement ● QDI ● Bank Debt ● US CP ● KfW Loans ● Finance Leases 0 100 200 300 400 500 600 700 800 FY38 FY37 FY36 FY35 FY34 FY33 FY32 FY31 FY30 FY29 FY28 FY27 FY26 FY25 FY24 FY23 FY22 FY21 The following table analyses the Group’s financial liabilities excluding AASB 16 lease liabilities Interest-bearing liabilities and borrowings 2020 US$m 2019 US$m Current Bank overdrafts – Unsecured 43.1 – Bank Borrowings – Unsecured 70.9 85.6 Commercial Paper 10.0 181.9 Senior Unsecured Notes – Unsecured – 150.0 Other liability – Secured 3.1 3.1 127.1 420.6 Non-current Bank loans – Unsecured 619.7 769.0 Senior Unsecured Notes – Unsecured 4,204.9 3,453.7 Other liability – Secured 7.1 19.5 4,831.7 4,242.2 Interest-bearing liabilities and borrowings are recognised initially at fair value, net of transaction costs incurred. Subsequent to initial recognition, interest-bearing liabilities and borrowings are stated at amortised cost, with any difference between the proceeds (net of transaction costs) and the redemption value recognised in the statement of comprehensive income over the period of the borrowings. Fees paid on the establishment of loan facilities that are yield related are included as part of the carrying amount of the loans and borrowings. Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least 12 months after the reporting date. The Group is in compliance with all debt covenants.