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9
FINANCIAL AND ACCOUNTING INFORMATION
1. 2016 Consolidated Financial Statements
244
SAINT-GOBAIN
- REGISTRATION DOCUMENT 2016
Long- and short-term debt consists of the following:
(in € millions)
Dec. 31, 2016
Dec. 31, 2015
Bond issues
6,089
6,663
Perpetual bonds and participating securities
203
203
Long-term securitization
350
200
Other long-term financial liabilities
317
264
LONG-TERM DEBT (EXCLUDING CURRENT PORTION)
6,959
7,330
CURRENT PORTION OF LONG-TERM DEBT
1,835
2,231
Short-term financing programs (NEU CP, US CP, Euro CP)
0
0
Short-term securitizations
173
178
Bank overdrafts and other short-term financial liabilities
415
438
SHORT-TERM DEBT AND BANK OVERDRAFTS
588
616
TOTAL GROSS DEBT
9,382
10,177
Cash at banks
(1,529)
(1,232)
Mutual funds and other marketable securities
(2,209)
(4,148)
CASH AND CASH EQUIVALENTS
(3,738)
(5,380)
TOTAL NET DEBT
5,644
4,797
The fair value of gross long-term debt (including the current portion) managed by Compagnie de Saint-Gobain amounted to
on the last day of the year. For other borrowings, fair value is considered as equal to the amount repayable.
€8.6 billion at December 31, 2016, for a carrying amount of €7.8 billion. The fair value of bonds corresponds to the market price
Debt repayment schedule
8.3.2
Debt at December 31, 2016 can be analyzed by maturity as follows:
(in € millions)
Currency
Within 1 year
1 to 5 years
Beyond 5 years
Total
Bond issues
EUR
1,450
3,412
1,956
6,818
GBP
0
0
639
639
JPY
40
0
0
40
NOK
0
82
0
82
Perpetual bonds and participating securities
EUR
0
0
203
203
Long-term securitization
EUR
150
350
500
Other long-term financial liabilities
All currencies
58
124
193
375
Accrued interest on long-term debt
All currencies
137
137
TOTAL LONG-TERM DEBT
1,835
3,968
2,991
8,794
TOTAL SHORT-TERM DEBT
All currencies
588
588
TOTAL GROSS DEBT
2,423
3,968
2,991
9,382
At December 31, 2016, future interest payments on gross long-term debt (including the current portion) managed by
Compagnie de Saint-Gobain fall due as follows:
(in € millions)
Within 1 year
1 to 5 years
Beyond 5 years
Total
Future interest payments on gross long-term debt
235
630
609
1,474
Interest on perpetual bonds and on participating securities is calculated up to 2049.