Catom Annual Report 2019 EN

4.1.2. Interest risk and cash flow risk The Group is exposed to interest risk on interest-bearing receivables (particularly those included under financial fixed assets and cash) and interest-bearing long-term and short-term payables (including debts to credit institutions).

No variable interest rate arrangements or financial derivative contracts are entered into to cover the interest risk in respect of receivables and loans.

4.2. Liquidity risk The Group has taken out a credit facility with a bank. Where necessary, additional security is provided to the bank for credit facilities that are made available. 4.3. Credit risk The Group does not have a significant concentration of credit risks. It sells only to customers who meet the Group’s creditworthiness criteria.

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