2014 Registration Document and Annual Financial Report - page 238

Financial Statemements
Consolidated Financial Statements and Notes
5
NOTE 31
NET DEBT AND NET CASH
Net debt breaks down as follows:
(inmillions of euros)
2013 Adjusted
2014
Other long-term financial debt
(1)
1,651
2,722
Long-term finance lease liabilities
48
62
Short-term borrowings
494
82
Bank overdrafts
17
0
TOTAL DEBT
2,210
2,866
Short-term loans
(30)
(16)
Money market securities
(2)
(1,791)
(2,549)
Cash
(122)
(126)
Asset derivatives
-
(2)
Short-term receivables on disposals of assets
(41)
(14)
FINANCIAL ASSETS
(1,984)
(2,707)
NET DEBT
226
159
(1) See Note 32.
(2) See Note 30.5.
(inmillions of euros)
2013 Adjusted
2014
NET DEBT AT BEGINNING OF PERIOD
416
226
Change in long-term debt
167
1,084
Change in short-term financial liabilities
(316)
(428)
Cash and cash equivalents change
(53)
(743)
Changes in other current financial assets
12
20
CHANGES FOR THE PERIOD
(190)
(67)
NET DEBT AT END OF PERIOD
226
159
The following table reconciles cash and cash equivalents in the statement of financial position to cash and cash equivalents in the cash
flow statement:
(inmillions of euros)
2013 Adjusted
2014
BALANCE SHEET CASH AND CASH EQUIVALENTS
1,913
2,677
Bank overdrafts
(17)
(0)
Derivatives included in liabilities
-
(0)
CASH FLOW STATEMENT CASHAND CASH EQUIVALENTS
1,896
2,677
Registration Document 2014
236
1...,228,229,230,231,232,233,234,235,236,237 239,240,241,242,243,244,245,246,247,248,...332
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