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PRYSMIAN GROUP | DIRECTORS’ REPORT
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NET FINANCIAL POSITION
The following table provides a detailed breakdown of the net financial position:
(*)
The originally published 2013 figures have been restated following the introduction of IFRS 13 and IFRS 11.
The net financial position of Euro 750 million at 31 December 2015 has decreased by Euro 52 million from
Euro 802 million at 31 December 2014. The main factors contributing to this change are summarised in the
comments on the statement of cash flows found in the following paragraph.
The following transactions are noted to have taken place during the year:
Bond issuance
: On 10 March 2015, the Board of Directors of Prysmian S.p.A. authorised
management to proceed, depending on prevailing market conditions and in any case by 30 June
2016, with the issuance and private or public placement of bonds in one or more tranches. These