The financial liabilities consist primarily of the convertible bonds placed in 2023 in the amount of €279,179 thousand (previous year: €275,277 thousand; nominal amount): €300,000 thousand) and several promissory note loans of €100,000 thousand. Other financial liabilities include other current account liabilities of €53,245 thousand (previous year: €37,971 thousand).
The financial liabilities now also include long-term supplier loans due to acquisitions, which will be repaid in 2027.
In connection with an interest hedge that has already been paid out, €134 thousand (previous year: €224 thousand) was reclassified from accumulated other comprehensive income to net interest income. The remaining balance of interest rate hedges amounted to €217 thousand as of the reporting date (previous year: €351 thousand).
The company has credit lines of €80,278 thousand (previous year: €66,578 thousand). These are pure guarantee credit lines, which were utilised in the amount of €38,200 thousand (previous year: €31,800 thousand) as of the balance sheet date. In the previous year, the company still had credit lines of €17,500 thousand, which could be used for both cash loans and guarantees. In the previous year, €9,341 thousand of this amount was utilised through guarantees. Bechtle no longer has these credit lines in the reporting period. These credit lines were not earmarked for a specific purpose and their granting was not subject to any conditions. In addition, Bechtle has committed cash credit lines amounting to €414,140 thousand (previous year: €408,000 thousand), of which €3,228 thousand had been utilised as of the balance sheet date (previous year: €0 thousand utilised). In addition, Bechtle had uncommitted cash credit lines of €8,628 thousand (previous year: €57,672 thousand) in the reporting period, which had not been utilised as of the balance sheet date or in the previous year. In total, there are free credit lines of €461,618 thousand (previous year: €508,609 thousand).
Financial liabilities are allocated to the classes “convertible bond” (€279,179 thousand, previous year €275,277 thousand) and “loan” (€193,455 thousand, previous year €310,181 thousand) for the disclosures in accordance with IFRS 7.