LISI FINANCIALREPORT2013 I
49
CONSOLIDATEDFINANCIALSTATEMENTS
3
2.5.2Currentassets
2.5.2.1 Inventories
(in€'000)
Raw
materials
Tools andother
procurements
Work in
progress
Finished and
intermediary
products
Goods
TOTAL
GrossvalueatDecember31,2012
48,457
15,864
102,345
99,864
17,150
283,680
Scopechanges
4
8
408
420
-ofwhich increases
4
8
408
420
-ofwhichreductions
Exchange ratespreads
(540)
(66)
(1,380)
(1,132)
(83)
(3,201)
Changes in inventory
38
433
7,702
2,140
2,328
12,640
Reclassifications
6,230
(6,174)
(351)
(323)
(617)
GrossvalueatDecember31,2013
54,189
10,066
108,316
100,956
19,395
292,922
ImpairmentatDecember31,2012
10,168
1,617
4,312
18,728
2,146
36,971
Scopechanges
-ofwhich increases
-ofwhichreductions
Reserveallowance for impairment
3,292
1,003
1,088
4,007
69
9,459
Provision reversal for impairment
(2,161)
(699)
(977)
(7,058)
(285)
(11,180)
Exchange ratespreads
(215)
(1)
(74)
(154)
(59)
(504)
Reclassifications
253
(385)
(83)
214
0
(0)
impairmentatDecember31,2013
11,336
1,536
4,267
15,736
1,871
34,746
NetvalueatDecember31,2013
42,853
8,530
104,049
85,220
17,524
258,178
2.5.2.2Tradeandother receivables
(in€'000)
12/31/13
12/31/12
Grossdebtorsandapportionedaccounts
139,598
129,755
Impairmentof tradeandotherapportionedaccounts
(4,380)
(4,780)
Netdebtorsandapportionedaccounts
135,218
124,975
State -Other taxesandduties
21,196
16,654
Social charges&employees
336
440
Accountspayable -advances,debtors
2,445
1,020
Deferredcharges
2,360
3,161
Other
7,925
6,884
Other receivables
34,261
28,158
Total tradeandotherreceivables
169,479
153,133
Assignments of receivables amounted, at December 31, 2013, to
€54.4million, comparedwith€52.2millionatDecember31,2012.The fair
valueof these transferredassets inaccordancewith the IFRS7definition
is equal to their nominal value. These transfers aremade in the form
of factoring with conventional subrogation, without recourse, thereby
removinganyexposure toa riskof financial loss.Thereare twocontracts
fortheassignmentofreceivables,onesignedforan indefiniteperiod, the
other foraperiodofoneyear, automatically renewable. Thesecontracts
provide for the opportunity to transfer receivables up to an amount of
€92million.
Overdue receivables not covered by provisions mainly concern major
customers with which the Group has annual or pluriannual business
agreements.Onthebasisofhistoricobservations,thecompanyconsiders
theriskofnon-collectionmarginal,withnon-hedgedoverduereceivables
beingmainlywithin less thanone year; the sharewithinmore thanone
yearbeingtotally immaterial.
