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Consolidated Financial Report |
DIRECTORS’ REPORT
2014 Annual Report
Prysmian Group
80
31 December 2012
Effects application
31 December 2012
Published (*)
IFRS 10-11
Restated
Net fixed assets
2,300
1
2,301
Net working capital
482
(49)
433
Provisions
(361)
6
(355)
Net capital employed
2,421
(42)
2,379
Employee benefit obligations
344
-
344
Total equity
1,159
(12)
1,147
of which attributable to non-controlling interests
47
(12)
35
Net financial position
918
(30)
888
Total equity and sources of funds
2,421
(42)
2,379
RECLASSIFIED STATEMENT OF FINANCIAL POSITION
Alternative performance indicators at 31 December 2012:
(*) Restated following finalisation of the accounting for the business combination of Global Marine Systems Energy Ltd (now renamed Prysmian PowerLink
Services Ltd) which had been accounted for provisionally at 31 December 2012. Further details can be found in the 2013 Annual Report.
NET WORKING CAPITAL
31 December 2012
Effects application
31 December 2012
Published (*)
IFRS 10-11
Restated
Inventories
897
(31)
866
Trade receivables
1,163
(80)
1,083
Trade payables
(1,450)
34
(1,416)
Other receivables/(payables)
(121)
28
(93)
Net operating working capital
489
(49)
440
Derivatives
(7)
-
(7)
Net working capital
482
(49)
433
(*) Restated following finalisation of the accounting for the business combination of Global Marine Systems Energy Ltd (now renamed Prysmian PowerLink
Services Ltd) which had been accounted for provisionally at 31 December 2012. Further details can be found in the 2013 Annual Report.
INCOME STATEMENT
FY 2012 Effects application Other companies/
FY 2012
Published
IFRS 10-11
reclassifications
Restated
Adjusted EBITDA before share of net profit/(loss)
of equity-accounted companies
647
(28)
-
619
Adjusted EBITDA
647
(12)
15
650
EBITDA
546
(12)
15
549
Adjusted operating income
483
(4)
15
494
Adjusted net profit
280
(1)
-
279
The alternative performance indicators at 31 December 2012 and at 31 December 2013 have therefore been restated as follows:
(in millions of Euro)
(in millions of Euro)
(in millions of Euro)