2013 Registration document and annual financial report - page 249

Registration Document 2013
247
Financial Statemements
5
Consolidated Financial Statements And Notes
Note 29.2. Maturities of debt
At December 31, 2013, maturities of debt were as follows:
(in millions of euros)
Dec. 2012
Dec. 2013
Year Y+1
829
514
Year Y+2
439
35
Year Y+3
26
23
Year Y+4
26
961
Year Y+5
975
14
Year Y+6
17
615
Beyond
69
70
TOTAL LONGAND SHORT-TERM DEBT
2,381
2,232
This analysis of debt by maturity over the long-term is considered
as providing the most meaningful liquidity indicator. In the above
presentation, all derivatives are classified as short-term. Borrowings
and short-term investments denominated in foreign currencies have
been translated into euros at the rate on the closure date. Interest
rate and currency hedging instruments are analysed by maturity in
note 29.5 “Financial Instruments”.
On December 31, 2013, unused long-term committed line is
amounting to €1,500 million, expiring in May 2016.
2013 financial costs amounted to €84 million. Future financial costs
are estimated at €294 million for the period from January 2014 to
December 2017 and €90 million thereafter.
2012 financial costs amounted to €84 million. Future financial costs
were estimated at €227 million for the period from January 2013
to December 2016 and €34 million thereafter.
These estimates are based on the average cost of debt of the end
of the period, after hedging.They have been determined by applying
the assumption that no facilities will be rolled over at maturity.
Note 29.3. Long and short-term debt before and after hedging
At December 31, 2013, long and short-term debt breaks down as follows before hedging transactions:
(in millions of euros)
Total debt
Amount
Rate % of total debt
EUR
1,971
4.12%
94%
JPY
-
0%
0%
CNY
30
6.32%
1%
MUR
24
7.94%
1%
DZD
21
5.75%
1%
CZK
1
1.28%
0%
CHF
16
1.47%
1%
Other currencies
40
8.21%
2%
TOTAL LONGAND SHORT-TERM DEBT
2,103
4.27%
100%
1...,239,240,241,242,243,244,245,246,247,248 250,251,252,253,254,255,256,257,258,259,...344
Powered by FlippingBook