Get Adobe Flash player

Financial statements

CONSOLIDATED FINANCIAL STATEMENTS

Note 29.B. Maturities of debt

At December 31, 2012, maturities of debt were as follows:

(in million of euros) Dec. 2011

829 439 26 26 975 17 69 2,381 Dec. 2012

Year Y+1 122 Year Y+2 761 Year Y+3 435 Year Y+4 25 Year Y+5 20 Year Y+6 262 Beyond 92

TOTAL LONG AND SHORT-TERM DEBT 1,717

This analysis of debt by maturity over the long-term is On December 31, 2012 financial costs amounted to €84 million. considered as providing the most meaningful liquidity indicator. Future financial costs are estimated at €227 million for the period In the above presentation, all derivatives are classified as short-from January 2013 to December 2016 and €34 million thereafter. term. Borrowings and short-term investments denominated in

2011 financial costs amounted to €99 million. Future financial foreign currencies have been translated into euros at the rate costs were estimated at €221 million for the period from on the balance sheet date. Interest rate and currency hedging January 2012 to December 2015 and €38 million thereafter.

instruments are analysed by maturity in note 29.E “Financial Instruments”. These estimates are based on the average cost of debt of the

end of the period, after hedging. They have been determinedOn December 31, 2012, unused long term committed line is by applying the assumption that no facilities will be rolled overamounting to €1,500 million, expiring in May 2016 (see note 2.E).

at maturity.

Note 29.C. Long and short-term debt before and after hedging

At December 31, 2012, long and short-term debt breaks down as follows before hedging transactions:

Total debt

(in million of euros) Amount Rate % of total debt

EUR 2,083 4.81% 93%

CNY 39 6.32% 2%

MUR 25 7.95% 1%

CHF 21 1.24% 1%

PEN 20 8.71% 1%

JPY -0.00% 0%

CZK -0.00% 0%

Other currencies 50 7.37% 2%

TOTAL LONG AND SHORT-TERM DEBT 2,238 4.93% 100% (in million of euros) Amount Rate % of total debt