TECHNICOLOR_REGISTRATION_DOCUMENT_2017
6 - FINANCIAL STATEMENTS
Notes to the consolidated financial statements
Main features of the Group’s borrowings 8.3.3. 8.3.3.1. Analysis by maturity The table below gives the contractual maturity schedule of the Group’s debt.
2017
2016
(in million euros)
Less than 1 month
5
22 13 17 52 38 34
Between 1 and 6 months
13
Between 6 months and less than 1 year Total current debt less than 1 year
2
20
Between 1 and 2 years Between 2 and 3 years Between 3 and 4 years Between 4 and 5 years
17
7 2 5
507
-
Over 5 years
1,052 1,083 1,103
452
Total non-current debt
1,031 1,083
Total nominal debt
IFRS Adjustment (see note 8.3.3.4)
(6)
(33)
DEBT UNDER IFRS
1,097
1,050
Interest rate characteristics 8.3.3.2. At December 31, 2017 90% of the Group’s debt was at floating rate. Analysis of borrowings by currency 8.3.3.3. (in million euros)
2017
2016
Euro
816 271
756 292
U.S. Dollar
Other currencies
10
2
DEBT UNDER IFRS
1,097
1,050
IFRS analysis of the Term Loan Debt carrying amount 8.3.3.4. Carrying amount of the Term Loan Debt
The IFRS value of the Term Loan Debt is the nominal amount of the Term Loan Debt reduced by transaction costs as adjusted by the effective interest rate (EIR) method as well as any adjustments due to debt prepayments. The evolution of the IFRS discount in 2017, that is, the difference between the nominal and IFRS amount of the Term Loan Debt, is as follows:
-
(in million euros)
IFRS discount of the Term Loan Debt as of December 31, 2016 Impact of 2017 prepayments of the Old Term Loan Debt Transaction costs related to the new Term Loan Debt issuance in 2017
(33)
27
(4)
2017 EIR effect and variation due to exchange rates
4
IFRS DISCOUNT OF THE TERM LOAN DEBT AS OF DECEMBER 31, 2017
(6)
224
TECHNICOLOR REGISTRATION DOCUMENT 2017
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