SOLOCAL_Registration Document_2017
FINANCIAL STATEMENTS 6.2 Annual financial statements for the financial years ended 31 December 2016 and 2017
3.7
PROVISIONS FOR RISKS AND CONTINGENCIES
In 2017, provisions for retirement benefits and long-service awards SoLocal Group on 1 January 2017 of its employees in the GIE were fully restated. These amounts released follow the transfer by SoLocal, excluding the corporate officer.
Amount released for the financial year (provision used)
Allowance for the financial year
31/12/2016
31/12/2017
(in thousands of euros)
1
Pension and similar commitments
1,645 1,645
- -
(1,645) (1,645)
- -
TOTAL PROVISIONS FOR RISKS AND EXPENSES
3.8
DEBT MATURITY SCHEDULE
2
Financial year ended 31 December
more than one year
Gross amount
up to one year
(in thousands of euros)
3
Loans and financial debts from credit institutions Debt relating to future claims transferred – CICE
1,415 2,877
1,415 2,877
- - - -
Accrued interest not yet due (ICNE) Tax credit employment (CICE)
-
-
Loans and financial debts from Group companies
580,496
580,496
4
Convertible bond borrowings MCB (mandatory convertible bonds)
5,681
- -
5,681
Non-convertible bond borrowings
397,835 988,303 520,500
397,835 403,516
LOANS AND FINANCIAL DEBTS SUBTOTAL
584,787 520,500
Current accounts Special bank loans
- -
5
11
11
Trade creditors and related accounts Tax and social security debts Subsidiary debts (tax integration)
31,317
16,098
15,219
7,239 2,422
7,239 2,422
- -
Sundry debts
11,315
11,314
1
6
TOTAL
1,561,107
1,142,371
418,735
Trade creditors at more than one year consist of the rent for the Boulogne-Billancourt premises will be payable from September 2018 under the negotiated rent exemption.
7
3.9
ACCRUED INCOME AND EXPENSES
Income receivable (in thousands of euros)
Financial year ended 31 December
8
2017
2016
Trade debtors – invoices to be drawn up
738
354
Tax and social security claims – corporate income tax
-
-
Tax and social security claims – VAT
4,543
2,847
85
25
Sundry claims – Financial income receivable
TOTAL
5,367
3,226
Expenses payable (in thousands of euros)
Financial year ended 31 December
2017 1,910
2016
Financial debts – accrued interest not yet due
33,430 25,686
Trade creditors and related accounts
28,258
Tax and social security debts – VAT, taxes, salaries and social security contributions
584
5,323 3,789
Tax and social security debts – Corporation Tax
5,362 5,646
Sundry debts
TOTAL
41,760
68,229
As of 31 December 2017, the Corporation Tax position represents a debt of €5.4 million, whereas it represented a debt of €3.8 million at the end of the previous financial year.
197
2017 Registration Document SOLOCAL
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