207 348
207
The following table presents a reconciliation of the Group’s net
financial position to the amount that must be reported under
CONSOB Communication DEM/6064293 issued on 28 July
2006 and under the CESR recommendation dated 10 February
2005 “Recommendations for the consistent implementation
of the European Commission’s Regulation on Prospectuses”:
Note
31 December 2014
31 December 2013 (*)
Net financial position - as reported above
802
805
Long-term financial receivables
5
2
4
Long-term bank fees
5
5
-
Net forward currency contracts on commercial transactions
8
11
(7)
Net metal derivatives
8
5
13
Recalculated net financial position
825
815
31 December 2014
Non-current
Current
Total
Trade payables
-
1,415
1,415
Total trade payables
-
1,415
1,415
Other payables:
Tax and social security payables
7
144
151
Advances from customers
-
381
381
Payables to employees
-
64
64
Accrued expenses
-
100
100
Other
6
138
144
Total other payables
13
827
840
Total
13
2,242
2,255
(*) 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.
13.
TRADE AND OTHER PAYABLES
These are detailed as follows:
(in millions of Euro)
(in millions of Euro)