Debt

Debt movements

Net debt decreased in 2H 2015 to US$0.7bn, following strong cash collection in Q4 2015

  • Cash generated from operations and net working capital inflows of US$0.9 billion (2014: US$0.9 billion)
  • Net investing activities of US$0.3 billion (2014: US$0.5 billion)
  • Financing activities, including payment of the 2014 final dividend and 2015 interim dividend of US$0.3 billion (2014: US$0.3 billion)

 

Credit ratings

Our balance sheet remains strong and prudently managed, reflected in strong investment grade credit ratings.

 

Credit summary and debt maturity

As of 31 December 2014 our available facilities were as illustrated below.

* Excludes bank overdrafts and ECA facilities. 

Our debt gearing ratios

Our balance sheet remains strong and prudently managed, reflected in strong investment grade credit ratings.