323 348
323
Interest on syndicated loans all refers to the Company's share
of the Term Loan Facility 2011; the decrease compared with
2013 is mainly due to a reduction in interest expense following
early repayment of the Credit Agreement 2010 (see Note 10.
Borrowings from banks and other lenders).
Amortisation of bank and financial fees and other expenses
mainly reflects the Company's share of the fees relating
to the Credit Agreement 2011 and to the convertible and
non-convertible bonds.
Non-recurring finance costs mainly refer to the accelerated
amortisation of bank fees following early repayment of the
Credit Agreement 2010 (see Note 10. Borrowings from banks
and other lenders).
Other bank interest mainly refers to the new credit lines in the
form of the EIB Loan (Euro 1,198 thousand) and the Revolving
Credit Facility 2014 (Euro 723 thousand).
Finance income is detailed as follows:
2014
2013
Interest income from banks and other financial institutions
7
2
Other finance income
16,108
13,085
Non-recurring other finance income:
Recovery of Antitrust guarantee costs
258
-
Total non-recurring other finance income
258
-
Finance income
16,373
13,087
Foreign currency exchange gains
3,179
1,461
Total finance income
19,552
14,548
Other finance income mainly refers to the recharge to Group companies of fees for guarantees given by the Company on their
account.
During 2014, Prysmian S.p.A. earned a total of Euro 221,071 thousand in dividends, most of which from its subsidiaries Prysmian
Cavi e Sistemi S.r.l. and Prysmian PowerLink S.r.l..
21.
DIVIDENDS FROM SUBSIDIARIES
(in thousands of Euro)