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FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
NOTE 39
DISCONTINUED OPERATIONS
In accordance with IFRS 5, the Group has restated the income statements and statements of cash flows published in prior years for operations
that have now been discontinued.
“Profit from discontinued operations” recorded in the income statement relates to the Group’s Italian operations, which have been classified as
discontinued. This item breaks down as follows:
In millions of euros
2015
2014
Current operating depreciation, amortisation and provisions
0.5
–
PROFIT FROM DISCONTINUED OPERATIONS
0.5
–
NOTE 40
NET DEBT
Net debt corresponds to gross debt (bond debt, other current and non-current financial liabilities and derivatives recorded under current and
non-current liabilities) less cash and cash equivalents and derivatives recorded under current and non-current assets.
Net debt breaks down as follows:
In millions of euros
At
31/12/2015
Maturity schedule
2016
2017
2018
2019
2020 >5 years
Portion due
beyond
1 year
Bond debt
26.4
–
26.4
–
–
–
–
26.4
Bank borrowings
0.5
0.5
–
–
–
–
–
–
Other borrowings, derivatives
and finance lease liabilities
(
*
)
7.9
1.3
2.2
0.1
0.1
–
4.2
6.6
Bank overdrafts
0.4
0.4
–
–
–
–
–
GROSS DEBT
35.2
2.2
28.6
0.1
0.1
–
4.2
33.0
Breakdown by due date (%)
99%
6%
81%
–
–
–
12%
94%
Cash
36.2
36.2
–
–
–
–
–
–
Cash equivalents
197.6
197.6
–
–
–
–
–
–
Derivatives
0.2
0.2
–
–
–
–
–
–
Cash, cash equivalents and derivatives
recorded under assets
234.0
234.0
–
–
–
–
–
–
NET DEBT
(198.8)
(231.6)
28.6
0.1
0.1
–
4.2
33.0
(*) The Group has valued the option component of the Ornane bonds (i.e. the derivative component) at €2.1 million, repayable in 2017.
ASSYSTEM
FINANCIAL REPORT
2015
126