May 11 (SeeNews) - Croatia's troubled food and retail concern Agrokor said on Thursday its consolidated debt amounted to 40.41 billion kuna ($5.9 billion/5.4 billion euro) as of March 31.
The debt figure, however, does not include liabilities of the group to retail unit Mercator and its affiliated companies, Agrokor said in a statement.
The concern owes its financial creditors 24.5 billion kuna, of which 959 million kuna is made up of secured debt to banks, while 13.8 billion kuna relates to unsecured debt to banks.
Out of the debt not protected by a guarantor, the largest unsecured lender to Agrokor is Russia's Sberbank to whom the concern owes 8.2 billion kuna.
As of March 31, Agrokor also had 7.3 billion kuna in outstanding bonds, of which 614 million kuna relates to outstanding European commercial bills due in June and August this year.
Agrokor's debt on bills of exchange totalled 7.37 billion kuna as of March 31, liabilities to suppliers amounted to 6.24 billion kuna, other loans totalled 1.56 billion kuna, while provisions and deferred tax liabilities accounted for 435 million kuna of debt.
The provisions and deferred tax liabilities only include those of 19 of Agrokor's largest units.
The concern's latest 80 million euro loan deal, signed with Zagrebacka banka, Privredna banka, Erste&Steiermaerkische Bank and the local unit of Austria's Raiffeisenbank, is also not included in the debt summary.
(1 euro=7.42502 kuna)