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Section 5 - Treasury and capital resources
Financial Report
| Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
5.2. Net Cash Position as of December 31, 2014
As of December 31, 2014, Vivendi’s Net Cash Position, in IFRS, amounted
to €4,637 million.
As of December 31, 2014, the group’s cash and cash equivalents
amounted to an aggregate of €6,845 million, placed primarily in monetary
UCITS (€4,754 million) and in term deposits and interest-bearing current
accounts (€1,851 million).
Moreover, borrowings and other financial liabilities amounted to
€2,208 million (compared to €12,138 million as of December 31, 2013), a
€9,930 million decrease following the redemptions of borrowings carried
out during fiscal year 2014: €5,564 million in bonds, €1,655 million in
bank credit facilities and €1,906 million in commercial papers.
As of December 31, 2014, the group’s bonds amounted to €1,950 million,
compared to €7,827 million as of December 31, 2013. In 2014, Vivendi
redeemed at maturity a €894 million bond, SFR’s €300 million bond, and
early redeemed bonds with make-whole options, of which €4,250 million
in euro denominated bonds, and $595 million (€420 million) related to US
dollar denominated bonds.
(in millions of euros)
Refer to Notes
to the Consolidated
Financial Statements
December 31, 2014 (a)
December 31, 2013
Borrowings and other financial liabilities
21
2,347
12,266
of which long-term
(b)
2,074
8,737
short-term
(b)
273
3,529
Derivative financial instruments in assets
(c)
(139)
(126)
Cash deposits backing borrowings
(c)
-
(2)
2,208
12,138
Cash and cash equivalents
(b)
(6,845)
(1,041)
Financial Net Debt/(Net Cash Position)
(4,637)
11,097
(a)
As of December 31, 2014, in compliance with IFRS 5, Vivendi’s Net Cash Position does not include the external Financial Net Debt of GVT
(€217 million).
(b)
As presented in the Consolidated Statement of Financial Position.
(c)
Included in the Financial Assets items of the Consolidated Statement of Financial Position.
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