67
EQUITY
The following table reconciles the Group’s equity at 31 December 2013 and net profit/(loss) for 2013 with the corresponding
figures reported by Prysmian S.p.A., the Parent Company:
(in millions of Euro)
Equity Net profit/(loss)
Equity Net profit/(loss)
31 December 2013
for 2013 31 December 2012 (*)
for 2012 (*)
Parent Company Financial Statements
1,021
184
872
112
Share of equity and net profit of consolidated subsidiaries,
net of the carrying amount of the related investments
207
198
309
208
Reversal of dividends distributed to the Parent Company
by consolidated subsidiaries
-
(220)
-
(150)
Deferred taxes on earnings/reserves distributable
by subsidiaries
(18)
(1)
(18)
(4)
Elimination of intercompany profits and losses included
in inventories
(35)
(9)
(35)
1
Net effect of other consolidation journals
20
2
31
2
Non-controlling interests
(48)
(5)
(47)
(3)
Consolidated Financial Statements
1,147
149
1,112
166
(*) The previously published figures have been amended. Further details can be found in Section C. Restatement of comparative figures at 31 December 2012
contained in the Explanatory Notes to the Consolidated Financial Statements.
NET WORKING CAPITAL
The main components of net working capital are analysed in the following table:
Net operating working capital amounted to Euro 450 million (6.3% of sales) at 31 December 2013, compared with Euro 489
million (6.4% of sales) at 31 December 2012.
(*) The previously published figures have been amended. Further details can be found in Section C. Restatement of comparative figures at 31 December 2012
contained in the Explanatory Notes to the Consolidated Financial Statements.
(in millions of Euro)
31 December 2013 31 December 2012 (*)
Change 31 December 2011
Inventories
920
897
23
929
Trade receivables
1,010
1,163
(153)
1,197
Trade payables
(1,441)
(1,450)
9
(1,421)
Other receivables/(payables)
(39)
(121)
82
(126)
Net operating working capital
450
489
(39)
579
Derivatives
(6)
(7)
1
(27)
Net working capital
444
482
(38)
552
