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20
Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults
Group Consolidated Financial Statements
207
Worldline
2016 Registration Document
The evaluation of financial liabilities has been conducted based on:
Exchange rates prevailing as at December
31, 2016, and
●
Interest rate presented hereafter.
●
The effective interest rates in 2016 were as follows:
(in € million)
Carrying value
Fair value Effective interest rate
Finance leases
2.1
2.1
2.91%
Other borrowings
7.1
7.1
Total borrowings
9.2
9.2
CHANGE INNETCASH/(DEBT) OVERTHE PERIOD
(in € million)
December 31, 2016
December 31, 2015
Opening net cash/(debt)
323.3
203.1
New borrowings
-0.8
-
Repayment of long and medium-term borrowings
0.6
0.9
Variance in net cash and cash equivalents
80.0
125.4
New finance leases
-0.2
-0.1
Long and medium-term debt of companies acquired during the period
-7.1
-
Impact of exchange rate fluctuations on net long and medium-term debt
3.0
-5.9
Closing net cash/(debt)
398.9
323.3
NETCASH/(DEBT)
(in € million)
December 31, 2016
December 31, 2015
Cash and cash equivalents
425.2
353.3
Borrowings
-2.2
-1.5
Current portion of borrowings
-24.1
-28.5
Total
398.9
323.3
Trade accounts and notes payable
Note
24
(in € million)
December 31, 2016
December 31, 2015
Trade payables and notes payable
274.9
189.0
Trade payables and notes payable
274.9
189.0
Advance payments
-2.1
-1.4
Prepaid expenses
-60.1
-28.4
Net accounts payable
212.7
159.2
Number of days payable outstanding (DPO)
70
63
Trade accounts and notes payable are expected to be paid within one year.