|Medium/long term mortgages and loans |
- Current portion of medium/longterm loans
|Medium/long term project financing |
- Current portion of project financing
|Other medium/long-term financial payables||141,947||153,396|
Medium/long-term mortgages and loans
• a corporate acquisition loan of EUR 350 million, subscribed by seven mandated Italian and foreign lead arrangers and bookrunners concerning the acquisition of the entire hydroelectric business belonging to E.ON Produzione, now ERG Hydro S.r.l.;
• three bilateral corporate loans with Mediobanca S.p.A. (EUR 150 million) and UBI Banca S.p.A. (EUR 100 million) concluded in the first half of 2016 to refinance the short-term portion of the corporate acquisition loan concluded for the acquisition of ERG Hydro S.r.l. and with UniCredit S.p.A. (EUR 75 million) the project loan for the wind farm at Corni (Romania).
The loans are presented net of commission costs and other ancillary charges totalling EUR 9.7 million. These costs were recognised according to the amortised cost method in application of IAS 39 against an amount of EUR 3.1 million.