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FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
NOTE 15
CASH AND CASH EQUIVALENTS
In millions of euros
31/12/2015
31/12/2014
Cash
36.2
43.1
Cash equivalents
197.6
209.1
TOTAL
233.8
252.2
The units in “SICAV” money-market funds and the term accounts held by the Group correspond to cash equivalents within the meaning of IAS 7,
“Statement of Cash Flows”. No restrictions have been placed on the use of the Group’s bank accounts.
NOTE 16
DERIVATIVE INSTRUMENTS
Currency derivatives
See the “Exchange rate risk” sections of Note 5 – Risk management for further details of the Group’s currency hedges.
In millions of euros
2015
2014
Assets
Liabilities
Change
in fair value
Assets
Liabilities
Currency hedges – CFH *
0.2
–
0.3
–
(0.1)
TOTAL
0.2
–
0.3
–
(0.1)
Short-term portion
0.2
–
–
(0.1)
Change in cash flow hedge reserve
–
–
0.3
–
–
* Cash Flow Hedge.
Derivatives embedded in the Ornane bonds
The derivatives embedded in the Ornane bonds are recognised under “Fair value of derivatives” on the liabilities side of the consolidated
statement of financial position.
In millions of euros
2015
2014
Beginning of year
0.7
6.9
Financial impact of Ornane buybacks
–
(4.9)
Change in fair value of outstanding Ornane bonds recognised through profit
1.4
(1.3)
YEAR-END
2.1
0.7
ASSYSTEM
FINANCIAL REPORT
2015
104