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Consolidated Financial Report |
EXPLANATORY NOTES
2014 Annual Report
Prysmian Group
232
24. SHARE OF NET PROFIT/(LOSS) OF EQUITY-ACCOUNTED COMPANIES
This is detailed as follows:
2014
2013 (*)
Share of net profit/(loss) of equity-accounted associates
26
16
Share of net profit/(loss) of equity-accounted joint ventures
17
19
Total
43
35
(*) 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.
Futher information can be found in Note 3. Equity-accounted investments.
25. FINANCE COSTS
These are detailed as follows:
2014
2013 (*)
Interest on syndicated loans
9
12
Interest on non-convertible bond
21
21
Interest on convertible bond - non-monetary component
8
6
Interest on convertible bond - monetary component
4
3
Amortisation of bank and financial fees and other expenses
7
8
Employee benefit interest costs
11
11
Other bank interest
17
18
Costs for undrawn credit lines
5
4
Sundry bank fees
12
14
Non-recurring other finance costs
14
7
Other
22
26
Finance costs
130
130
Net losses on forward currency contracts
12
-
Non-recurring net losses on interest rate swaps
4
15
Losses on derivatives
16
15
Foreign currency exchange losses
333
290
Total finance costs
479
435
(*) 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.
(in millions of Euro)
(in millions of Euro)