345
Annual Report -
2013
-
Vivendi
4
Financial Report | Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements |
Statutory Financial Statements
Note 10. Receivables Maturity Schedule
Note 10.
Receivables Maturity Schedule
(in millions of euros)
Gross value
Maturing in less
than one year
Maturing in more
than one year
Non-current assets
Loans to subsidiaries and affiliates
2,512.8
-
2,512.8
Other long-term investments
8.0
5.0
3.0
Current assets
Trade accounts receivable and related accounts
37.3
36.8
0.5
Other receivables
9,835.0
9,824.9
10.1
Total
12,393.1
9,866.7
2,526.4
Note 11.
Deferred Charges
Deferred charges relating to financial instruments
(in millions of euros)
Opening balance
Increase
(a)
Amortization Closing balance
Deferred charges relating to credit lines
18.2
6.8
(7.4)
17.6
Issue costs of bonds
22.4
1.8
(11.0)
13.2
Total
40.6
8.6
(18.4)
30.8
(a)
New credit lines and bonds issued for 2013 are detailed in Note 16, Borrowings.
Note 12.
Unrealized Foreign Exchange Gains and Losses
At year-end 2013, the decrease in unrealized foreign exchange gains
to €21.6 million from €84.2 million at year-end 2012 resulted from the
€59.3 million decrease in unrealized losses related to the $700 million
bond issue dated April 2008 and maturing in April 2018 that was partly
refinanced, to the amount of $459 million, in October 2013 (outstanding
debt of $241 million); the early redemption resulted in the recognition
of a foreign exchange loss of €45.7 million (please see Note 16,
Borrowings).
At year-end 2013, the unrealized foreign exchange losses amounted to
€21.6 million of which €21.3 million related to the $241 million bonds
mentioned above.
The decrease in unrealized foreign exchange losses to €7.7 million from
€81.4 million at year-end 2012 resulted primarily from the reversal of
unrealized gains of €79 million recorded at the end of 2012, in relation
to the loan granted to Vivendi Holding I for $700 million, maturing in
April 2018. This loan was early repaid in October 2013 which resulted in
the recognition of a foreign exchange gain of €68 million.
At the end of 2013, unrealized gains recorded in currency translation
differences-liabilities amounted to €7.7 million and related to the
revaluation of remaining debt obligations of $94.8 million and
$259.1 million, following the partial repayments in October (please see
Note 16, Borrowings).
