Carlsberg Group Annual Report 2013 Consolidated financial statements SECTION 4: FINANCING COSTS, CAPITAL STRUCTURE AND EQUITY 89 Financing costs,  capital structure  and equity Borrowings Key developments 2013 -1,533 m 2.5 bn 4.1% 7.8 bn 2,510 m In December 2013, exist- ing credit facilities of EUR  1,749m (maturing October  2015) and EUR 800m (ma- turing December 2016) were  replaced by a EUR 2,510m  multi-currency credit facility.  The new facility matures in  February 2019 and may be extended for another two years. Carlsberg had available  credit resources of DKK  7.8bn at 31 December 2013. Average funding rate of 4.1%,  down from 4.5% in 2012.  The main reason for the  decline was the redemp- tion of a GBP 200m bond  in February 2013 and EUR  1bn swaps maturing in the  second half of the year. Both  the bond and the swaps had  a high interest rate. Net interest-bearing debt increased DKK 2.5bn, primarily due to investments in Chong- qing Brewery Group. Net financials totalled DKK -1,533m, down from DKK -1,772m in 2012. Borrowings are diversified between a number of funding sources. Distribution of gross financial debt 2013, DKK 40,211m Distribution of gross financial debt 2012, DKK 40,058m Non-current bank borrowing  18%  Issued bonds  72%  Non-current mortgages  4%  Current bank borrowing  5%  Other current and non-current borrowing  1%  Non-current bank borrowing  14%  Issued bonds  77%  Non-current mortgages  4%  Current bank borrowing  3%  Other current and non-current borrowing  2% 