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FINANCIAL STATEMENTS
6
PARENT COMPANY FINANCIAL STATEMENTS
NOTE 17
EXPENSE TRANSFERS
●
Miscellaneous reimbursements: €2 thousand
●
Benefits in kind:
€10 thousand
NOTE 18
FINANCIAL INCOME AND EXPENSES
Financial income
(in thousands of euros)
2015
Financial income from investments in subsidiaries and affiliates
64,707
Dividends received
64,707
Income from other securities and receivables recognised as fixed assets
864
Loan interest
864
Other interest income
486
Income from marketable securities
24
Income related to Group cash management
288
Other financial income
174
Provision reversals and expense transfers
44,262
Reversal of provisions for foreign exchange losses
13
Reversal of provisions for long-term investments
(
*
)
44,249
Positive foreign exchange differences
6,281
Foreign exchange gains
6,281
Proceeds from sales of marketable securities
1,623
Proceeds from sales of marketable securities
1,623
TOTAL FINANCIAL INCOME
118,223
Financial expenses
2015
Amortisation and provisions recognised under financial expenses
(7,267)
Additions to provisions for contingencies and charges relating to financial assets
(
*
)
(6,365)
Additions to provisions for foreign exchange losses
(902)
Interest expense
(8,840)
Interest on borrowings, of which:
(8,326)
Ornane bonds
(1,087)
Odirnane bonds
(7,239)
Bank overdraft charges
(9)
Expenses related to Group cash management
(99)
Other financial expenses
(406)
Negative foreign exchange differences
(675)
Foreign exchange losses
(675)
TOTAL FINANCIAL EXPENSES
(16,782)
NET FINANCIAL INCOME
101,441
(*) These amounts correspond to additions to and reversals of (i) provisions recognised for the Company’s treasury share portfolio and (ii) the provisions for impairment in value of shares in
subsidiaries and subsidiaries’ current accounts described in Note 5 above.
ASSYSTEM
FINANCIAL REPORT
2015
145