245
Note 10 to the Parent Company Financial Statements
presents the reconciliation of the Company’s net financial
position to the amount that must be reported under Consob
Communication DEM/6064293 dated 28 July 2006 in
compliance with the CESR recommendation dated 10 February
2005 “Recommendations for the consistent implementation
The composition of Net financial position is presented in detail in the following table.
(in thousands of Euro)
31 December 2013 31 December 2012
Long-term financial payables
Term Loan Facility
400,000
660,800
Bank fees
(3,024)
(7,326)
Credit Agreements
396,976
653,474
Non-convertible bond
398,576
397,515
Convertible bond
263,401
-
Finance leases
11,098
-
Total long-term financial payables
1,070,051
1,050,989
Short-term financial payables
Term Loan Facility
88,388
60,237
Bank fees
(570)
(678)
Non-convertible bond
15,305
15,304
Convertible bond
1,187
-
Finance leases
537
-
Other borrowings
223
722
Total short-term financial payables
105,070
75,585
Total financial liabilities
1,175,121
1,126,574
Long-term financial receivables
26
21
Long-term bank fees
-
3,919
Short-term financial receivables
55
7
Short-term financial receivables from Group companies
553,744
197,440
Short-term bank fees
4,029
3,919
Cash and cash equivalents
4,600
681
Net financial position
612,667
920,587
of the European Commission’s Regulation on Prospectuses”.
A more detailed analysis of cash flows is presented in the
statement of cash flows, forming part of the Parent Company
Financial Statements presented in the following pages.
