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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
31/12/2015
Euro
Pound
sterling
US
dollar
Canadian
dollar
Romanian
new leu
Swiss
franc
Dubai-
Abu Dhabi
dirham
Saudi
Arabian
Riyal
Other
currencies
Bond debt
26.4 26.4
–
–
–
–
–
–
–
–
Bank borrowings
0.5
–
–
–
–
–
–
–
0.5
–
Other borrowings, derivatives
and finance lease liabilities
7.9
3.2
–
–
–
–
–
0.3 4.4
–
Bank overdrafts
0.4
0.4
–
–
–
–
–
–
–
–
Gross debt
35.2 30.0
–
–
–
–
–
0.3
4.9
–
Breakdown by currency (%)
100% 85%
–
–
–
–
–
1% 14%
–
Cash
36.2 19.7 5.5 3.2
0.3
1.2 0.4
0.7 4.3
0.9
Cash equivalents
197.6 197.6
–
–
–
–
–
–
–
–
Derivatives
0.2
0.2
–
–
–
–
–
–
–
–
Cash, cash equivalents and derivatives
recorded under assets
234.0 217.5
5.5 3.2
0.3
1.2 0.4
0.7
4.3
0.9
NET DEBT
(198.8) (187.5)
(5.5) (3.2)
(0.3)
(1.2) (0.4)
(0.4)
0.6 (0.9)
NOTE 41
SIGNIFICANT EVENTS AFTER THE REPORTING DATE
In February 2016 a tax inspection carried out by the Nigerian tax
authorities on MPH Nigeria was completed. The final tax reassessment
notice has not yet been received, but the potential amounts are covered
by provisions recognised in MPH Nigeria’s balance sheet when it
was acquired by Assystem in 2012. At this stage of the procedure,
the Group does not consider that any additional provisions need to
be set aside.
ASSYSTEM
FINANCIAL REPORT
2015
127