273
At 31 December 2013, “Other” mainly comprises:
• Euro 40,396 thousand in receivables from Group companies
for the chargeback of the pay-related component of stock
option plans involving Prysmian S.p.A. shares whose
beneficiaries are employees of other Group companies;
• Euro 32,399 thousand in receivables from Italian Group
These amount to Euro 4,600 thousand at 31 December 2013,
compared with Euro 681 thousand at 31 December 2012,
and relate to the cash held on Euro bank current accounts
repayable on demand.
The credit risk associated with Cash and cash equivalents is
Equity amounts to Euro 1,021,052 thousand at 31 December 2013, reporting an increase of Euro 149,464 thousand since 31
December 2012. The changes over this period are discussed in the paragraphs relating to the individual components of Equity.
companies for the transfer of IRES (Italian corporate income
tax) under the group tax consolidation (art. 117 et seq. of the
Italian Income Tax Code).
The book value of financial receivables and other current
receivables approximates the respective fair value.
limited insofar as the counterparties are major national and
international banks.
The value of cash and cash equivalents is considered to be in
line with the respective fair value.
Following the business reorganisation discussed in Section A. General information, details of this balance are presented below:
At 31 December 2012 there were no significant positions in derivatives. The above derivatives have all been entered into with
Prysmian Treasury S.r.l., the Group’s treasury company.
7.
DERIVATIVES
8.
CASH AND CASH EQUIVALENTS
9.
SHARE CAPITAL AND RESERVES
(in thousands of Euro)
31 December 2013
Asset
Liability
Non-current
Metal derivatives
36
36
Total non-current derivatives
36
36
Current
Forward currency contracts on commercial transactions
46
73
Metal derivatives
53
15
Total current derivatives
99
88
Total
135
124
