LISI FINANCIALREPORT2013 I
47
CONSOLIDATEDFINANCIALSTATEMENTS
3
Given their immaterialnature, theminimum futurepayments relative to
rentsandtheircurrentvaluearenotbrokendownbymaturity.
c)Operating leaseagreements
Themainassets required foroperations thatdonotbelong to theGroup
or its subsidiaries are industrial buildings andoffice space (headoffice).
Other operating lease agreements mainly relate to office automation
equipment.
No significant commercial leases have been signed with company
executivesorwithcompaniesbelongingtoexecutivesortheir families.
Thetotalannualexpense isapproximately€10.6m.
2.5.1.3Financial assetsand liabilities
Financialassetsandliabilitiesrecordedonthebalancesheetarebrokendownintothefollowingaccountingcategoriesandclassesoffinancialinstruments:
Financial assets and liabilities recorded
on balance sheet
At 12/31/2013
Breakdown by instrument category
(In€'000)
Net value Fair value
Fair
value via
earnings
Assets
available
for sale
Loans and
receivables
Debt at
depreciated
cost
Instruments
derivatives
Long-term financial assets
6,385
6,385
6,385
Other long-termassets
936
936
936
Tradeandother receivables
169,479 169,479
166,049
3,430
Cashandcashequivalents
94,000
94,000
94,000
Total financialassets
270,800 270,800 94,000
173,370
3,430
Long-termborrowings
118,640 118,640
117,952
688
Other long-term financial liabilities (excl.PCA)
5,632
5,632
5,632
Short-termborrowings
43,178
43,178
43,178
Tradeandotheraccountspayable
207,267 207,267
204,646
2,621
Total financial liabilities
374,717
374,717
371,408
3,309
Financial assets and liabilities recorded
on balance sheet
At 12/31/2012
Breakdown by instrument category
(In€'000)
Net value Fair value
Fair
value via
earnings
Assets
available
for sale
Loans and
receivables
Debt at
depreciated
cost
Instruments
derivatives
Long-term financial assets
5,977
5,977
5,977
Other long-term financial assets
937
937
937
Tradeandother receivables
153,133 153,133
153,133
Short-term investments
71,535
71,535
67,542
3,993
Cashandcashequivalents
30,625
30,625
30,625
Total financialassets
262,207
262,207
98,167
3,993
Long-termborrowings
111,004 111,004
109,332
1,672
Other long-term financial liabilities (excl.PCA)
5,218
5,218
5,218
Short-termborrowings
67,851
67,851
67,851
Tradeandotheraccountspayable
188,093 188,093
188,093
Total financial liabilities
372,166
372,166
370,494
1,672
