As at 31 December 2017 and 2016 the interest rate profile of the Group’s interest-bearing financial instruments was as follows:
31 December 2017 | 31 December 2016 | |||||||||||||||||||
Note | Effective Interest Rate |
Carrying Amount |
Effective interest rate |
Carrying Amount |
||||||||||||||||
Fixed rate instruments |
||||||||||||||||||||
Time deposits |
23 | |||||||||||||||||||
USD |
5.8 | % | 2,590,025 | 3.6 | % | 2,817,650 | ||||||||||||||
EUR |
2.2 | % | 1,069,303 | 2.0 | % | 1,383,978 | ||||||||||||||
TL |
14.3 | % | 436,224 | 11.0 | % | 1,243,843 | ||||||||||||||
Other |
12.9 | % | 13,036 | 11.1 | % | 36,175 | ||||||||||||||
Restricted cash |
22 | |||||||||||||||||||
USD |
— | 64,503 | — | — | ||||||||||||||||
EUR |
— | 118,983 | — | — | ||||||||||||||||
TL |
— | — | — | — | ||||||||||||||||
Other |
— | 320 | — | — | ||||||||||||||||
Finance lease obligations |
27 | |||||||||||||||||||
USD |
28.1 | % | (41 | ) | 20.7 | % | (80 | ) | ||||||||||||
EUR |
3.4 | % | (116,797 | ) | 3.4 | % | (48,034 | ) | ||||||||||||
TL |
27.6 | % | (5,882 | ) | — | — | ||||||||||||||
Unsecured bank loans |
27 | |||||||||||||||||||
TL fixed rate loans |
14.7 | % | (1,620,391 | ) | 12.1 | % | (1,819,944 | ) | ||||||||||||
UAH fixed rate loans |
13.9 | % | (520,933 | ) | 15.0 | % | (407,171 | ) | ||||||||||||
Secured bank loans |
||||||||||||||||||||
BYN fixed rate loans |
11.6 | % | (4,390 | ) | 11.9 | % | (5,634 | ) | ||||||||||||
Trade and other payables |
||||||||||||||||||||
EUR fixed rate payables |
31 | — | — | 2.6 | % | (1,522,615 | ) | |||||||||||||
Debt securities issued |
27 | |||||||||||||||||||
USD |
5.8 | % | (1,875,521 | ) | 5.8 | % | (1,683,700 | ) | ||||||||||||
TL |
— | — | 10.7 | % | (238,956 | ) | ||||||||||||||
Variable rate instruments |
27 | |||||||||||||||||||
USD floating rate loans |
3.2 | % | (2,880,615 | ) | 3.2 | % | (1,984,533 | ) | ||||||||||||
EUR floating rate loans |
2.1 | % | (5,511,579 | ) | 2.3 | % | (3,593,110 | ) |
(*) | Includes 4.5G license payables related to the frequency bands which the Company has been awarded with. The last instalment of 4.5G license payable amounting to TL 1,534,702 was paid on 26 April 2017. |