SECTION 1 -

Note 20. Net Debt and Net Cash
(in € millions)
Dec.
2007
New Services: Pro forma Financial Statements and Notes
December, 31, 2009
Dec.
2008
Dec.
2009
Other long-term financial debt 1 547 1 534 1 515
Short-term financial debt 2 4 10
Bank overdrafts 3 12 41
Derivatives -
-
-
Total financial debt 1 552 1 550 1 566
Short-term loans (8) (3) -
Marketable securities (1) (984) (1 179) (1 222)
Cash (131) (45) (41)
Derivatives -
-
-
Short-term receivables on disposals of assets -
-
-
Current financial assets (1 123) (1 227) (1 263)
Net debt 429 323 303
(1) See Note 19.C
(in € millions)
Dec.
2007
Dec.
2008
Dec.
2009
Net debt at beginning of period 685 429 323
Change in long-term financial debt 13 (13) (19)
Change in short-term financial debt 96 2 6
Change in short-term loans (286) 5 3
Change in cash and cash equivalents (79) (100) (10)
Changes for the period (256) (106) (20)
Net debt at end of period 429 323 303
The following table reconciles cash and cash equivalents in the balance sheet to cash and cash equivalents in the statement of
cash flows.
Cash and cash equivalents in the balance sheet
Bank overdrafts
(in € millions)
Cash and cash equivalents in the statement of cash flows
306
Dec.
2007
Dec.
2008
Dec.
2009
1 115 1 224 1 263
(3) (12) (41)
1 112 1 212 1 222