267 348
267
Note 10 to the Parent Company Financial Statements
presents the reconciliation of the Company's net financial
position to the amount that must be reported under
Consob Communication DEM/6064293 dated 28 July 2006
in compliance with the CESR recommendation dated 10
February 2005 "Recommendations for the consistent im-
The composition of Net financial position is presented in detail in the following table.
plementation of the European Commission's Regulation on
Prospectuses".
A more detailed analysis of cash flows is presented in the
statement of cash flows, forming part of the Parent Company
Financial Statements presented in the following pages.
31 December 2014
31 December 2013
Long-term financial payables
Term Loan Facility 2011
400,000
400,000
Bank fees
(1,661)
(3,024)
Credit Agreements
398,339
396,976
EIB Loan
91,546
-
Non-convertible bond
-
398,576
Convertible bond
271,536
263,401
Finance leases
10,677
11,098
Total long-term financial payables
772,098
1,070,051
Short-term financial payables
Credit Agreements
418
87,818
EIB Loan
8,854
-
Non-convertible bond
414,997
15.305
Convertible bond
1,187
1.187
Revolving Credit Facility 2014
30,232
-
Finance leases
467
537
Other borrowings
65
223
Total short-term financial payablese
456,220
105,070
Total financial liabilities
1,228,318
1,175,121
Long-term financial receivables
22
26
Long-term bank fees
5,219
-
Short-term financial receivables
3,306
55
Short-term bank fees
1,525
4,029
Short-term financial receivables from Group companies
489,552
553,744
Cash and cash equivalents
2,314
4,600
Total financial assets
501,937
562,454
Net financial position
726,381
612,667
(in thousands of Euro)