LISI FINANCIALREPORT2013 I
75
COMPANYFINANCIALSTATEMENTS
4
3.2.3Maturitydatesforreceivablesanddebts
Receivables
(In€'000)
Gross amount
Ofwhichwithin
less thanone year
Ofwhichwithinone to
five years
Ofwhichwithinmore
than five years
Trade receivables
4,267
4,267
Otherdebtors
344
344
Taxcredit
8,981
8,981
Subsidiaries’ currentaccounts
205,030
205,030
Tax integrationcurrentaccounts
1,357
1,357
Total
219,979
219,979
Debt
(In€'000)
Gross amount
Ofwhichwithin
less thanone year
Ofwhichwithinone to
five years
Ofwhichwithinmore
than five years
Loansanddebts fromcreditorganizations
115,611
29,111
30,500
56,000
Sundry loansand financialdebts
Other creditors
Subsidiaries’ currentaccounts
159,526
159,526
Taxesdue
Suppliers
2,139
2,139
Taxandstatutorypayments
2,408
2,408
Tax integrationcurrentaccounts
1,679
1,679
Total
281,363
194,864
30,500
56,000
AsatDecember 31, 2013, the "Borrowings fromcredit institutions" item
included the issuance of unsecurednotes on theUSPPmarket (USPP:
U.S.privateplacement)onOctober 17,2013 foranamountof€56m.
"Financial covenants" related to thisdebtareas follows:
n
Consolidatedgearing ratio> 1.2 (Netdebt /Shareholders’ equity)
n
Consolidated leverage ratio<3.5 (Netdebt /EBITDA)
n
Consolidated coverage ratio of interest expenses < 4,5 (Net interest
expense /EBITDA).
3.2.4Marketablesecuritiesandcash
3.2.4.1Marketablesecurities
AsatDecember31,2013,marketablesecuritieswereas follows:
(In€'000)
304,314LISI stocks*
11,473
SICAVanddeposit certificates
74,101
Givingagrosstotalof
85,573
*304,314 sharesheld, thanks to theoptionof buyingback the company’sown sharesup toa
10% limit, includingthoseheldunderthemarket-makingcontract.
The "Marketable securities" item essentially comprises money market
funds for€15.3mandguaranteed-capital investments for€58.8m.
The total net asset valueof SICAVmarketable securities stoodat€15.3m
asatDecember31,2013.
3.2.4.2Cash
This item issolelycomposedofbankbalances.
