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FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
The table below shows a breakdown of net debt by currency, converted at the closing rates:
In millions of euros
At
31 December
2016
Euro Pound sterling
US dollar
Other
currencies
Net debt
16.1
31.2
(7.4)
(3.0)
(4.7)
8.5 Financial income and expenses
NET FINANCIAL INCOME (EXPENSE) ON CASH AND DEBT
“Net financial income (expense) on cash and debt” corresponds to all income and expenses arising during the period on items making
up net debt, including gains and losses on interest rate and currency hedges on debt.
Changes in the fair value of the above-mentioned categories of financial assets and liabilities are not included in this line in the income
statement and instead are recognised in “Other financial income and expenses”.
In millions of euros
2016
2015
Bond debt - Ornane and Odirnane
(0.6)
(1.1)
Medium- and long-term credit facilities
(1.4)
(1.0)
Interest expense on debt
(2.0)
(2.1)
Income from cash investments
1.1
1.9
Foreign exchange gains
0.1
4.2
Net financial income (expense) on cash and debt
(0.8)
4.0
OTHER FINANCIAL INCOME AND EXPENSES
Other financial income and expenses correspond to income and expenses that are non-operational (
e.g.
financial income arising from
the main business of the Company, a subsidiary or a division or financial income associated with a commercial activity) and which are
not included in “Net financial income (expense) on cash and debt”. They consist mainly of dividends from non-consolidated companies,
impairment of AFS financial assets, gains and losses on disposals of AFS financial assets, impairment and losses on disposals of other
current and non-current financial assets, the effect of discounting provisions, changes in the fair value of financial assets, financial
liabilities and Ornane bonds, foreign exchange gains and losses on operating assets and liabilities, and miscellaneous financial income
and expenses.
In millions of euros
2016
2015
Effect of discounting
(0.1)
(0.6)
Amortised cost of financial liabilities
(1.8)
(0.7)
Net expense related to buybacks of Ornane bonds
(2.2)
–
Foreign exchange gains and losses
1.2
–
Net gain (loss) on financial liabilities at fair value through profit or loss
0.2
0.3
Miscellaneous financial income and expenses
(0.1)
(0.6)
Change in fair value of the derivative embedded in Ornane bonds
–
(1.4)
Total other financial income and expenses
(2.8)
(3.0)
ASSYSTEM
REGISTRATION DOCUMENT
2016
112