2013 Registration document and annual financial report - page 253

Registration Document 2013
251
Financial Statemements
5
Consolidated Financial Statements And Notes
NOTE
30 NET DEBT AND NET CASH
Net debt breaks down as follows:
(in millions of euros)
Dec. 2012
Dec. 2013
Other long-term financial debt
(1)
1,496
1,670
Long-term finance lease liabilities
56
48
Short-term borrowings
811
496
Bank overdrafts
8
18
Liabilities derivatives
10
-
TOTAL DEBT
2,381
2,232
Short-term loans
(34)
(32)
Money market securities
(2)
(1,752)
(1,796)
Cash
(122)
(132)
Asset derivatives
(4)
-
Short-term receivables on disposals of assets
(48)
(41)
FINANCIAL ASSETS
(1,960)
(2,001)
NET DEBT
421
231
(1) See note 2.D.
(2) See note 29.5.
Net debt at December 31, 2012 does not include the €184.7 million of the “précompte” dividend withholding tax refund that Accor repaid to
the French State at the beginning of April 2012, following the Supreme Court of Appeal ruling in December 2012 in the dispute concerning
this tax (see note 39.2), which were recorded in “Other payables” (see note 24.3).
(in millions of euros)
Dec. 2012
Dec. 2013
NET DEBT AT BEGINNING OF PERIOD
226
421
Change in long-term debt
(42)
167
Change in short-term financial liabilities
706
(316)
Cash and cash equivalents change
(508)
(53)
Changes in other current financial assets
39
12
CHANGES FOR THE PERIOD
195
(190)
NET DEBT AT END OF PERIOD
421
231
The following table reconciles cash and cash equivalents in the statement of financial position to cash and cash equivalents in the cash
flow statement:
(in millions of euros)
Dec. 2012
Dec. 2013
BALANCE SHEET CASH AND CASH EQUIVALENTS
1,878
1,928
Bank overdrafts
(8)
(18)
Derivatives included in liabilities
(10)
-
CASH FLOW STATEMENT CASHAND CASH EQUIVALENTS
1,860
1,910
1...,243,244,245,246,247,248,249,250,251,252 254,255,256,257,258,259,260,261,262,263,...344
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