2014 Registration Document and Annual Financial Report - page 234

Financial Statemements
Consolidated Financial Statements and Notes
5
Note 30.2 Maturities of debt
At December 31, 2014, maturities of debt were as follows:
(inmillions of euros)
2013 Adjusted
2014
Year Y+1
511
82
Year Y+2
29
20
Year Y+3
21
965
Year Y+4
959
31
Year Y+5
12
614
Year Y+6
612
12
Beyond
66
1,142
TOTAL LONGAND SHORT-TERM DEBT
2,210
2,866
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 30.5 “Financial Instruments”.
On December 31, 2014, unused long-term committed line is
amounting to €1,800 million, expiring in June 2019.
December 2014 financial costs amounted to €58 million. Future
financial costs are estimated at €275 million for the period from
January 2015 to January 2018 and €71 million thereafter.
2013 financial costs amounted to €83 million. Future financial costs
were estimated at €294 million for the period from January 2014
to December 2017 and €90 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 30.3. Long and short-term debt before and after hedging
At December 31, 2014, long and short-term debt breaks down as follows before hedging transactions:
(inmillions of euros)
Total debt
Amount
Rate % of total debt
EUR
2,510
2.98%
92%
CHF
138
1.73%
5%
JPY
-
0.00%
0%
CNY
3
5.59%
0%
MUR
26
7.68%
1%
COP
15
9.63%
1%
Autres devises
39
7.45%
1%
TOTAL LONGAND SHORT-TERM DEBT
2,731
3.06%
100%
Registration Document 2014
232
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