Half-yearly financial Report at June 30, 2013 - A2A

Half-yearly financial report at June 30, 2013Notes to the balance sheet23) Current financial liabilitiesMillions of euro Balance at Changes in Balance at of which included in the NFP12 31 2012 the period 06 30 201312 31 2012 06 30 2013Non-convertible bonds 518 771 1,289 518 1,289Due to banks 108 26 134 108 134Due to other providers of finance 26 2 28 26 28Finance lease payables 1 - 1 1 1Financial payables to related parties - - - - -Total current financial liabilities 653 799 1,452 653 1,452“Current financial liabilities” amounted to 1,452 million euro, compared to 653 million euro atDecember 31, 2012. This increase is mainly due to the reclassification from “Non-currentfinancial liabilities” of the ten-year 500 million euro bond issued on May 28, 2004 and the earlybuy-back and cancellation on July 11, 2013 of a part of the seven-year 1,000 million euro bondissued on November 2, 2009.More specifically, the item “Non-convertible bonds” consists of:• a ten-year 500 million euro bond issued on October 30, 2003 at a nominal fixed rate of4.875%; the fair value of this bond at June 30, 2013 was 510 million euro following theexercise of the fair value option on transition to IAS/IFRS;• a ten-year 500 million euro bond issued on May 28, 2004 at a nominal fixed rate of 4.875%,having a carrying amount of 499 million euro at June 30, 2013 at amortized cost;• an amount of 262 million euro being the portion of the seven-year 1,000 million euro bondissued on November 2, 2009 which was bought back early and cancelled.87Interest of 18 million euro had accrued on the bonds at June 30, 2013.24) Tax liabilitiesMillions of euro Balance at Changes Balance at12 31 2012 in the period 06 30 2013Tax liabilities 8 12 20“Tax liabilities” amounted to 20 million euro (8 million euro at December 31, 2012),representing a net increase of 12 million euro.