Consolidated financial statements
1
3
68
I
LISI 2014FINANCIALREPORT
■■
Examination, together with those in charge of risk management,
insurancebrokers and agents of the insurance companieswithwhich
theGrouphas takenout its insurancepolicies to cover risks in respect
ofcontingent liabilities;
■■
Examination of transactions with related parties in respect of
guaranteesorothercommitmentsgivenorreceived;
■■
In general, reviewofallcontractsandcontractualcommitments.
2.7.4.1Commitmentsgiven in thecontextofordinaryoperations
Inaddition to theoperating leaseswhoseannual chargesarepresented
inNote2.5.1.2, commitmentsprovidedaspartof currentactivitiesareas
follows:
(In€ '000)
2014
2013
Balanceof investmentorders
53,270
50,158
Trainingentitlements
6,645
5,610
Guaranteesanddeposits
76
83
Commitmentsmade
59,991
55,852
Rateswap
90,128
56,491
Foreignexchangehedging
157,150
97,084
Reciprocalcommitments
247,278
153,575
Reciprocal commitments:
Reciprocalcommitmentsare interestrateswapstohedgevariablerate loans (cf.Note2.5.6.1.FinancialDebt) takenoutto fundexternalgrowth.
AsatDecember31,2014, the featuresoftheswapcontractswereas follows:
Notional at 12/31/2014
Face value
(in€'000)
Departure
date
Maturity
date
Paying rate Receiving
rate
Market value
(NPV) in€'000
LISIS.A.
5,000
Euribor
3months
(27)
LISIS.A.
15,000
09/30/11
09/30/16
2.0730% Euribor
3months
(107)
LISIS.A.
4,750
12/30/11
12/30/16
1.3925% Euribor
3months
(23)
LISIS.A.
15,000
05/31/12
05/31/17
1.0700% Euribor
2months
(368)
LISIS.A.
9,500
06/29/12
03/31/17
1.0750% Euribor
3months
(57)
LISIS.A.
5,000
06/10/14
06/10/21
0.9400% Euribor
3months
(197)
LISIS.A.
5,000
06/10/14
06/10/21
0.9400% Euribor
3months
(196)
LISIS.A.
10,000
06/10/14
06/10/21
0.9700% Euribor
3months
(409)
LISIS.A.
5,000
06/10/14
06/10/21
0.9525% Euribor
3months
(199)
LISIS.A.
5,000
06/10/14
06/10/21
0.9675% Euribor
3months
(204)
LISIS.A.
25,000
06/30/14
05/30/19
0.4500% Euribor
3months
(174)
LISIAUTOMOTIVEFormer
7,000
12/31/10
12/29/17
1.7450% Euribor
3months
(82)
LISIMEDICALFasteners
4,500
09/28/12
09/30/24
1.3000% Euribor
3months
(57)
CreuzetAéronautique
3,900
07/31/12
07/31/20
0.7750% Euribor
1month
(169)
Total
(2,269)
