4.e.        SUNDRY RECEIVABLES

 

The balance at December 31 2010 of € 101,211 thousand (€ 133,297 at December 31 2009) mainly refers to the loan of € 101,188 thousand made to the subsidiary CIR International S.A.. It should be noted that in December 2010 the maturity of this loan, which was originally March 2011, was extended until March 2014. The interest rate on this loan is currently 2.247% (Euribor 1Y + spread). During the year repayments were made for € 35,000 thousand.