PARENT COMPANY >
FINANCIAL STATEMENTS AND EXPLANATORY NOTES
320
| 2012 annual report prysmian group
NET FINANCIAL POSITION
The Company’s net financial position is reconciled below
to the amount that must be reported under Consob
Communication DEM/6064293 issued on 28 July 2006 in
compliance with the CESR recommendation dated 10 February
2005 “Recommendations for the consistent implementation
of the European Commission’s Regulation on Prospectuses”:
(in thousands of Euro)
Note 31 December 2012
Of which 31 December 2011
Of which
related parties
related parties
(Note 23)
(Note 23)
Long-term financial payables
- Term Loan Facility
8
660,800
400,000
- Bank fees
8
(7,326)
(5,621)
Credit agreements
653,474
394,379
- Bond
8
397,515
396,513
Total long-term financial payables
1,050,989
790,892
Short-term financial payables
- Term Loan Facility
8
60,237
67,789
- Bank fees
8
(678)
(51)
- Bond
8
15,304
15,304
- Other borrowings
8
722
2,001
Total short-term financial payables
75,585
85,043
Total financial liabilities
1,126,574
875,935
Long-term financial receivables
5
21
19
Long-term bank fees
5
3,919
15,158
Short-term financial receivables
5
7
69
Short-term bank fees
5
3,919
6,353
Receivables from Group companies
5
197,440
197,440
170,169
170,169
Cash and cash equivalents
6
681
1,190
Total financial assets
205,987
192,958
Net financial position
920,587
682,977
(in thousands of Euro)
Note 31 December 2012
Of which 31 December 2011
Of which
related parties
related parties
(Note 23)
(Note 23)
Net financial position - as reported above
920,587
682,977
Long-term financial receivables
5
21
19
Long-term bank fees
5
3,919
15,158
Recalculated net financial position
924,527
698,154
