Club Méditerranée, the French leisure company, reports the following information relating to its financial liabilities (Source: Annual reports 2010 and 2011, financial year ended 31 October).

Required
1. Reconcile the figures provided in the Notes with those provided in the balance sheet.
2. What do €˜convertible bonds€™ represent?
3. What do €˜financial lease obligations€™ represent?
4. What do €˜draw downs on lines of credit€™ represent?
5. What is the difference between €˜current portion of long-term bank borrowings€™ and €˜short-term bank loans€™?
6. Are €˜short-term bank loans€™ and €˜overdrafts€™ equivalent?

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Consolidated statement of financial position (excerpts) As at 31.10. 2009 2010 2011 in millions EQUITY AND LIABILITIES [Non-current] borrowings and interest-bearing liabilities Current borrowings and interest-bearing liabilities 260 198 188 150 170 33 Note 182 Borrowings and other interest-bearing liabilities by category As at 31.10. in millions 20102011 71 2009 145 ..] Convertible bonds . short-tem conditional convertiblel Bond issue Long-temn bank borrowings Draw downs on lines of credit Financial lease obligations Total long-term borrowings and other interest-bearing liabilities260198188 106 105 18 108 137 J Convertible bonds .. . short-ten conditional convertiblel Bond issue Current portion of long-term bank borrowings Draw downs on lines of credit Short-term bank loans and overdrafts Fair value of derivative instruments Total short-term borrowings and other interest-bearing liabilities150 Total 18 16 121 12 33 410 368 221 170