162 348
Consolidated Financial Report |
EXPLANATORY NOTES
2014 Annual Report
Prysmian Group
162
When assessing the potential impact of the above, the
assets and liabilities of each Group company in currencies
other than their accounting currency were considered, net of
any derivatives hedging the above-mentioned flows.
The following sensitivity analysis shows the post-tax effects
on equity reserves of an increase/decrease in the fair value
of designated cash flow hedges following a 5% and 10%
increase/decrease in exchange rates versus closing exchange
rates at 31 December 2014 and 31 December 2013.
2014
2013 (*)
-5%
+5%
-5%
+5%
US Dollar
0.85
(0.94)
1.31
(1.45)
United Arab Emirates Dirham
1.85
(2.04)
0.38
(0.42)
Qatari Riyal
2.71
(2.99)
1.86
(2.05)
Saudi Riyal
-
-
-
-
Other currencies
0.58
(0.64)
0.48
(0.53)
Total
5.99
(6.61)
4.03
(4.45)
2014
2013 (*)
-10%
+10%
-10%
+10%
US Dollar
1.62
(1.98)
2.50
(3.06)
United Arab Emirates Dirham
3.53
(4.31)
0.72
(0.88)
Qatari Riyal
5.17
(6.31)
3.54
(4.33)
Saudi Riyal
-
-
0.01
(0.01)
Other currencies
1.10
(1.34)
0.92
(1.12)
Total
11.42
(13.94)
7.69
(9.40)
(*) The previously published prior year consolidated financial statements have been restated following the adoption of IFRS 10 and IFRS 11. Further details can
be found in Section C. Restatement of comparative figures.
The above analysis ignores the effects of translating the equity of Group companies whose functional currency is not the Euro.
(in millions of Euro)
(in millions of Euro)