Consolidated Financial Statements >
Directors’ Report
90
| 2012 annual report prysmian group
(in millions of Euro)
31 December 2012
31 December 2011
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
1,539
1,539
Intangible assets
655
618
Investments in associates
99
87
Available-for-sale financial assets
14
6
Assets held for sale
4
5
Total net fixed assets
A
2,311
2,255
NET WORKING CAPITAL
Inventories
B
897
929
Trade receivables
C
1,163
1,197
Trade payables
D
(1,450)
(1,421)
Other receivables/payables - net
E
(124)
(126)
of which:
Other receivables - non-current
5
28
27
Tax receivables
5
18
13
Receivables from employees
5
1
1
Other
5
9
13
Other receivables - current
5
558
500
Tax receivables
5
100
124
Receivables from employees and pension funds
5
5
4
Advances
5
26
14
Other
5
100
139
Construction contracts
5
327
219
Other payables - non-current
13
(27)
(32)
Tax and social security payables
13
(14)
(16)
Accrued expenses
13
(3)
-
Other
13
(10)
(16)
Other payables - current
13
(654)
(571)
Tax and social security payables
13
(96)
(95)
Advances
13
(219)
(132)
Payables to employees
13
(68)
(65)
Accrued expenses
13
(137)
(131)
Other
13
(134)
(148)
Current tax payables
(29)
(50)
Total operating working capital
F=B+C+D+E
486
579
Derivatives
G
(7)
(27)
of which:
Forward currency contracts on
commercial transactions (cash flow
hedges) - non-current
8
-
(5)
Forward currency contracts on commercial transactions
(cash flow hedges) - current
8
(2)
(2)
Forward currency contracts on
commercial transactions - current
8
-
(2)
Forward currency contracts on
commercial transactions - non-currenti
8
-
1
Metal derivatives
non-current
8
(3)
-
Metal derivatives
current
8
(2)
(19)
Total net working capital
H=F+G
479
552
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 2012
