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Note 12. Deferred Charges
Financial Report | Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements |
Statutory Financial Statements
Note 12.
Deferred Charges
Deferred charges relating to financial instruments
(in millions of euros)
Opening balance
Increase
Amortization Closing balance
Deferred charges relating to credit lines
17.6
4.0
(13.3)
8.3
Issue costs of bonds
13.2
(11.1)
2.1
Total
30.8
4.0
(24.4)
10.4
Note 13.
Unrealized Foreign Exchange Gains and Losses
At year-end 2014, the decrease in unrealized foreign exchange losses
to €0.0 million from €21.6 million at year-end 2013 resulted from the
€21.3 million decrease in unrealized losses in relation to the $700 million
bond issue dated April 2008 and maturing in April 2018, its remaining
balance of $241 million being early redeemed in December 2014 (see
Note 17, Borrowings).
The decrease in unrealized foreign exchange gains to €0.2 million from
€7.7 million at year-end 2013 resulted primarily from the reversal of
unrealized gains of €7.7 million recorded at year-end 2013, in relation
to the revaluation of remaining debt obligations of $353.9 million from
two bonds; these bonds were early redeemed in December 2014 (see
Note 17, Borrowings).
Note 14.
Equity
14.1. Changes in equity
(in millions of euros)
(a)
Number of
shares
Share
capital
Additional
paid-in
capital
Reserves
and retained
earnings
(Loss)/
Earnings
Total
As of 12/31/13
1,339,609,931
7,367.9
13,194.1
3,540.0
(4,857.6)
19,244.5
Allocation of earnings/(loss) and return of capital
distribution
(3,351.3)
(2,854.0)
4,857.6
(1,347.7)
50 bonus share plan
727,118
4.0
(4.0)
0.0
Stock options
11,263,589
61.9
135.0
196.9
Earnings for the year
2,914.9
2,914.9
As of 12/31/14
1,351,600,638
7,433.8
9,973.9
686.0
2,914.9
21,008.6
(a)
Par value of €5.50 per share
The potential number of shares that may be issued upon the exercise of stock subscription options granted before 2013 is 42,722,348.
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Annual Report 2014