2012 Annual Report - Italcementi Group

2012 Annual Report
Presentation 4
General information 14
Annual Report Consolidated Annual Report Directors’ report 30
Sustainability disclosure Italcementi S.p.A. Annual Report Consolidated financial statements 63
Extraordinary session 351
22. Net debt
An itemized correlation of net debt with the statement of financial position is set out below:
(in thousands of euro)
Financial asset and liability category
Statement of financial position
caption
December 31,
2012
December 31,
2011
Current financial assets (624,765) (659,685)
Cash and cash equivalents Cash and cash equivalents (578,388) (613,334)
Current loan assets
Equity investments, bonds and
financial assets (22,738) (35,733)
Other current financial assets Other current assets (5,121) (4,625)
Derivatives Other current assets (18,518) (5,993)
Current financial liabilities 727,634 756,719
Bank overdrafts and short-term
borrowings Loans and borrowings 429,479 189,296
Loans and short-term borrowings Financial liabilities 296,376 543,934
Derivatives Other current liabilities 1,779 23,489
Non-current financial assets (154,639) (117,073)
Securities and bonds Other non-current assets (27,850) (21,816)
Derivatives Other non-current assets (126,789) (95,257)
Non-current financial liabilities 2,050,026 2,113,054
Loans and long-term borrowings Financial liabilities 2,016,946 2,099,268
Derivatives Other non-current liabilities 33,080 13,786
Net debt 1,998,256 2,093,015
The net debt at December 31, 2011, determined in compliance with Consob communication no. DEM/6064293
of July 28, 2006 (i.e., excluding non-current financial assets), amounted to 2,152,895 thousand euro (2,210,088
thousand euro at December 31, 2011).
107
www.italcementigroup.com