PARENT COMPANY >
DIRECTORS’ REPORT
244
| 2013 ANNUAL REPORT | PRYSMIAN GROUP
and equipment and Note 2. Intangible assets, contained
in the Explanatory Notes to the Parent Company Financial
Statements.
Net working capital is a negative Euro 116,147 thousand and
comprises:
• Euro 195,569 thousand as the net negative balance
between trade receivables and trade payables (see Notes 6
and 11 to the Parent Company Financial Statements);
• a positive balance Euro 1,125 thousand in inventories (see
Note 5 to the Parent Company Financial Statements);
• Euro 78,297 thousand as the overall positive balance for
other receivables/payables net of financial receivables/
payables (see Notes 6 and 11 to the Parent Company
Financial Statements).
Provisions, presented above net of deferred tax assets,
amount to Euro 31,477 thousand at 31 December 2013
(see Notes 4 and 12 to the Parent Company Financial
Statements).
Equity amounts to Euro 1,021,052 thousand at 31 December
2013, reporting a net increase of Euro 149,464 thousand
since 31 December 2012, mainly due to the non-monetary
component of the convertible bond (amounting to Euro
39,632 thousand), and to the net profit for the year, net of
the dividend distribution.
A more detailed analysis of the changes in equity can be
found in the specific table presented as part of the Parent
Company Financial Statements.
The Group’s consolidated equity at 31 December 2013 and
consolidated net profit for 2013 are reconciled with the
corresponding figures for the Parent Company Prysmian
S.p.A. in a table presented in the Directors’ Report contained
in the Group Annual Report.
The Net financial position reports Euro 612,667 thousand in
net debt at 31 December 2013, compared with Euro 920,587
thousand at 31 December 2012.
