Consolidated Financial Statements >
CONSOLIDATED FINANCIAL STATEMENTS AND EXPLANATORY NOTES
224
| 2012 annual report prysmian group
NET FINANCIAL POSITION
(in millions of Euro)
Note
31 December 2012
31 December 2011
Long-term financial payables
Term Loan Facilities
946
400
Bank fees
(11)
(6)
Credit Agreements
12
935
394
Bond
12
398
397
Finance leases
12
12
14
Forward currency contracts on financial transactions
8
-
4
Interest rate swaps
8
35
27
Other financial payables
12
88
75
Total long-term financial payables
1,468
911
Short-term financial payables
Term Loan Facilities
12
126
676
Bank fees
12
(1)
-
Bond
12
15
15
Finance leases
12
2
3
Securitization
12
75
111
Interest rate swaps
8
-
2
Forward currency contracts on financial transactions
8
7
22
Other financial payables
12
144
177
Total short-term financial payables
368
1,006
Total financial liabilities
1,836
1,917
Long-term financial receivables
5
9
10
Long-term bank fees
5
4
15
Forward currency contracts on financial transactions (non-current)
8
-
1
Forward currency contracts on financial transactions (current)
8
3
4
Short-term financial receivables
5
7
9
Short-term bank fees
5
5
7
Financial assets held for trading
7
78
80
Cash and cash equivalents
9
812
727
Net financial position
918
1,064
The following table presents a reconciliation of the Group’s
net financial position to the amount that must be reported
under Consob Communication DEM/6064293 issued on 28 July
2006 and under the CESR recommendation dated 10 February
2005 “Recommendations for the consistent implementation
of the European Commission’s Regulation on Prospectuses”:
(in millions of Euro)
Note
31 December 2012 31 December 2011
Net financial position - as reported above
918
1,064
Long-term financial receivables
5
9
10
Long-term bank fees
5
4
15
Net forward currency contracts on commercial transactions
8
2
8
Net metal derivatives
8
5
19
Recalculated net financial position
938
1,116
