76 348
Consolidated Financial Report |
DIRECTORS’ REPORT
2014 Annual Report
Prysmian Group
76
31 December 2014
31 December 2013 (*)
Note Partial amounts
Total amounts Partial amounts
Total amounts
from financial
from financial
from financial
from financial
statements
statements
statements
statements
Net fixed assets
Property, plant and equipment
1,414
1,390
Intangible assets
561
588
Equity-accounted investments
225
205
Available-for-sale financial assets
12
12
Assets held for sale
7
12
Total net fixed assets
A
2,219
2,207
Net working capital
Inventories
B
981
881
Trade receivables
C
952
933
Trade payables
D
(1,415)
(1,409)
Other receivables/payables - net
E
(95)
(13)
of which:
Other receivables - non-current
5
20
24
Tax receivables
5
14
13
Receivables from employees
5
2
2
Other
5
4
9
Other receivables - current
5
754
705
Tax receivables
5
157
109
Receivables from employees and pension plans
5
5
5
Advances to suppliers
5
19
17
Other
5
126
99
Construction contracts
5
447
475
Other payables - non-current
13
(13)
(20)
Tax and social security payables
13
(7)
(12)
Accrued expenses
13
-
(3)
Other
13
(6)
(5)
Other payables - current
13
(827)
(688)
Tax and social security payables
13
(144)
(99)
Advances from customers
13
(381)
(241)
Payables to employees
13
(64)
(98)
Accrued expenses
13
(100)
(136)
Other
13
(138)
(114)
Current tax payables
(29)
(34)
Total net operating working capital
F = B+C+D+E
423
392
Derivatives
G
(16)
(6)
of which:
Forward currency contracts on commercial transactions (cash flow hedges) - non current 8
(2)
-
Forward currency contracts on commercial transactions (cash flow hedges) - current
8
(7)
1
Forward currency contracts on commercial transactions - current
8
(2)
6
Metal derivatives - non-current
8
1
(1)
Metal derivatives - current
8
(6)
(12)
Total net working capital
H = F+G
407
386
RECONCILIATION BETWEEN THE RECLASSIFIED STATEMENT OF FINANCIAL POSITION PRESENTED IN THE DIRECTORS'
REPORT AND THE STATEMENT OF FINANCIAL POSITION CONTAINED IN THE CONSOLIDATED FINANCIAL STATEMENTS
AND EXPLANATORY NOTES AT 31 DECEMBER 2014
(*) The previously published prior year comparative figures have been restated following the introduction of IFRS 10 and IFRS 11.
(in millions of Euro)