LISI FINANCIALREPORT2013 I
53
CONSOLIDATEDFINANCIALSTATEMENTS
3
Change inmarket value of hedging
assets
2013
2012
Openingvalue
22,312
20,738
Contributionspaidby theGroup
273
1,336
Benefitswithheld from fund
(970)
(2,121)
Expectedyield fromassets
833
881
Translationdifferential
(553)
172
Actuarialgains (losses)
1,200
1,305
Valueatyearend
23,094
22,312
The following table shows the reconciliation of amounts recognized
in the Group’s consolidated financial statements and the above sums
(in€m):
(In€'000)
12/31/13
12/31/12
Liabilitiesrecognizedatyearend
(29,410)
(32,336)
Theexpenserecognized intheoperating incomestatementbytheGroup
for2013 fordefinedbenefitsplanscameto€2.2millionandbreaksdown
as follows:
(In€'000)
2013
2012
Costof services
1,232
1,030
Costofaccretion
1,766
2,038
Expectedyield fromassets
(833)
(881)
Reductions /Wind-ups
(187)
Recognizedexpense (revenue)
2,165
1,999
TwoforeignaffiliatesoftheLISIAEROSPACEdivisionareconcernedbythe
managementofhedgingassets.
2.5.5Otherlong-termliabilities
(in€'000)
12/31/13
12/31/12
Depositsandsureties received
192
147
Employeeprofit-sharing for theyear
5,440
5,071
Deferred income
2,094
2,390
Totalother long-term liabilities
7,726
7,608
2.5.6Financialdebtandfinancialriskmanagement
Thebreakdownbyaccountingcategoryand instrumentclassforfinancial
liabilities isgiven inNotes2.5.1.3.
2.5.6.1Debt
a)Breakdownbynature
(In€'000)
12/31/13
12/31/12
Non-currentshare
Mid-term loans
104,046
96,338
Debt related to leaseagreements
8,853
10,642
Employeeprofit-sharing (frozenonacurrent
account)
5,740
4,023
Subtotalnon-currentdebt
118,640 111,004
Currentshare
Banking facilities foroperations [B]
8,224
10,892
Mid-term loans
30,618
52,301
Debt related to leaseagreements
3,135
2,484
Employeeprofit-sharing (frozenonacurrent
account)
1,202
2,174
Subtotalcurrentdebt
43,178
67,851
Totaldebt
161,818
178,855
b)Breakdownbymaturitydate
(In€'000)
12/31/13
12/31/12
Borrowings
duewithinoneyear
30,618
52,301
duewithin two to fiveyears
44,837
92,052
duewithinover fiveyears
59,208
4,286
Subtotalborrowings
134,663
148,639
Otherfinancialcreditors
duewithinoneyear
12,560
15,550
duewithin two to fiveyears
11,321
10,725
duewithinover fiveyears
3,273
3,940
Otherdebtsubtotal
27,153
30,215
Borrowingsanddebt
161,818
178,855
c)Breakdownbycurrency
All figures relating toborrowings anddebtswith credit establishments
aregiven ineuros. TheGroup’sbankdebts thereforedonot expose it to
any foreignexchangerisk.
d)Breakdownby interestratecategory
The tablebelow summarizes loans fromcredit institutions to theGroup
as itstudiestheprincipalamounts incurredat fixedandvariablerates.
