SECTION 1 -

Note 19. Financial Debt by Currency and Maturity
Note 19.A Long and short‐term financial debt
New Services: Pro forma Financial Statements and Notes
December, 31, 2009
Long and short‐term financial debt at December 31, 2009 breaks down as follows by currency and interest rate:
Effective rate Effective rate Effective rate
Dec.
Dec.
Dec.
(in € millions) 2007 2008 2009
2007
2008
2009
% %
%
Long and short-term financial debt 1 368 4,35 1 051 4,34 880 4,35
Deposits 4 5 6
Purchase commitments 43 28 9
Bank overdrafts and other short-term financial liabilities 137 466 671
Long and short-term financial debt and other financial liabilities 1 552 -
(in € millions)
Dec.
2007
1 550 -
Dec.
2008
Dec.
2009
Long-term financial debt and other financial liabilities 1 547 1 534 1 515
Short-term financial debt and other financial liabilities 5 16 51
Total financial debt and other financial liabilities 1 552 1 550 1 566
Note 19.B Maturities of financial debt
At December 31, 2009, maturities of pro forma financial debt based on current negotiations with the banks would be as follows:
(in € millions)
Dec.
2007
Dec.
2008
Dec.
2009
Year Y + 1 5 16 51
Year Y + 2 18 12 10
Year Y + 3 4 8 -
Year Y + 4 17 8 302
Year Y + 5 -
301 300
Year Y + 6 300 300 300
Beyond 1 208 905 603
Total financial debt 1 552 1 550 1 566
This analysis of financial debt by maturity over the long‐term is considered as providing the most meaningful liquidity indicator.
Financial debt and short‐term investments denominated in foreign currencies have been translated into euros at the rate on the
balance sheet date.
At December 31, 2009, based on current negotiations with the banks, New Services would have access to €600 million worth
of credit lines.
304
1 566 -