CONSOLIDATED FINANCIAL STATEMENTS >
DIRECTORS’ REPORT
72
| 2013 ANNUAL REPORT | PRYSMIAN GROUP
(in millions of Euro)
31 December 2013
31 December 2012 (*)
Note
Partial amounts Total amounts Partial amounts
Total amounts
from financial from financial
from financial
from financial
statements
statements
statements
statements
Net fixed assets
Property, plant and equipment
1,441
1,539
Intangible assets
623
644
Investments in associates
99
99
Available-for-sale financial assets
15
14
Assets held for sale
12
4
Total net fixed assets
A
2,190
2,300
Net working capital
Inventories
B
920
897
Trade receivables
C
1,010
1,163
Trade payables
D
(1,441)
(1,450)
Other receivables/payables - net
E
(39)
(121)
of which:
Other receivables - non-current
25
28
Tax receivables
5
13
18
Receivables from employees
5
2
1
Other
5
10
9
Other receivables - current
722
561
Tax receivables
5
110
100
Receivables from employees and pension plans
5
5
5
Advances to suppliers
5
17
26
Other
5
115
100
Construction contracts
5
475
330
Other payables - non-current
(24)
(27)
Tax and social security payables
13
(12)
(14)
Accrued expenses
13
(3)
(3)
Other
13
(9)
(10)
Other payables - current
(728)
(654)
Tax and social security payables
13
(101)
(96)
Advances from customers
13
(241)
(219)
Payables to employees
13
(103)
(68)
Accrued expenses
13
(137)
(137)
Other
13
(146)
(134)
Current tax payables
(34)
(29)
Total operating working capital
F = B+C+D+E
450
489
Derivatives
G
(6)
(7)
of which:
Forward currency contracts on commercial
transactions (cash flow hedges) - non-current
8
1
(2)
Forward currency contracts on commercial
transactions (cash flow hedges) - current
8
6
-
Metal derivatives - non-current
8
(1)
(3)
Metal derivatives - current
8
(12)
(2)
Total net working capital
H = F+G
444
482
Reconciliation between the Reclassified Statement of Financial Position presented in the Directors’ Report and the Statement
of Financial Position contained in the Consolidated Financial Statements and Explanatory Notes at 31 December 2013
(*) 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.
