CONSOLIDATED FINANCIAL STATEMENTS >
EXPLANATORY NOTES
192
| 2013 ANNUAL REPORT | PRYSMIAN GROUP
(in millions of Euro)
Note
31 December 2013 31 December 2012
Net financial position - as reported above
834
918
Long-term financial receivables
5
4
9
Long-term bank fees
5
-
4
Net forward currency contracts on commercial transactions
8
(7)
2
Net metal derivatives
8
13
5
Recalculated net financial position
844
938
NET FINANCIAL POSITION
(in millions of Euro)
Note
31 December 2013
31 December 2012
Long-term financial payables
Term Loan Facilities
400
946
Bank fees
(3)
(11)
Credit Agreements
12
397
935
Non-convertible bond
12
399
398
Convertible bond
12
263
-
Finance leases
12
15
12
Interest rate swaps
8
4
35
Other financial payables
12
80
88
Total long-term financial payables
1,158
1,468
Short-term financial payables
Term loan facility
12
184
126
Bank fees
12
(1)
(1)
Non-convertible bond
12
15
15
Convertible bond
12
1
-
Finance lease
12
2
2
Securitization
12
-
75
Interest rate swaps
8
14
-
Forward currency contracts on financial transactions
8
5
7
Revolving facility - Credit Agreement
12
3
4
Other financial payables
12
134
140
Total short-term financial payables
357
368
Total financial liabilities
1,515
1,836
Long-term financial receivables
5
4
9
Long-term bank fees
5
-
4
Current interest rate swaps
8
5
3
Short-term financial receivables
5
12
7
Short-term bank fees
5
5
5
Financial assets held for trading
7
94
78
Cash and cash equivalents
9
561
812
Net financial position
834
918
The following table presents a reconciliation of the Group’s net
financial position to the amount that must be reported under
Consob Communication DEM/6064293 issued on 28 July 2006
and under the CESR recommendation dated 10 February 2005
“Recommendations for the consistent implementation of the
European Commission’s Regulation on Prospectuses” in the
considered periods:
