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CONSOLIDATED FINANCIAL STATEMENTS
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LISI 2015 FINANCIAL REPORT
Given their immaterial nature, the minimum future payments
in respect of rents and their current value are not broken down
by maturity.
c) Operating lease agreements
The main assets required for operations that do not belong to
the Group or its subsidiaries are industrial buildings and office
space (head office). Other operating lease agreements mainly
relate to office automation equipment.
No significant commercial leases have been signed with
company executives or with companies belonging to executives
or their families.
The total annual expense is approximately €17 million.
2.6.1.3 Financial assets and liabilities
Financial assets and liabilities recorded on the balance sheet are broken down into the following accounting categories and classes
of financial instruments:
Financial assets and liabilities recorded
on the balance sheet
(in €'000)
At 12/31/2015
Breakdown by instrument category
Net value
accounting
Fair value
Fair
value via
earnings
Assets
available for
sale
Loans and
receivables
Debt at
depreciated
cost
Instruments
derivatives
Non-current financial assets
10,585
10,585
10,585
Other non-current assets
924
924
924
Trade and other receivables
215,291
215,291
213,140
2,151
Cash and cash equivalents
125,812 125,812 125,812
Total financial assets
352,612 352,612
125,812
224,649
2,151
Non-current borrowings
230,145 230,145
228,252
1,893
Other non-current financial liabilities
(excl. PCA)
5,015
5,015
5,015
Current borrowings
52,285
52,285
52,285
Trade and other accounts payable
278,181 278,181
264,129
14,052
Total financial liabilities
565,626 565,626
549,681
15,945
Financial assets and liabilities recorded
on the balance sheet
(in €'000)
At 12/31/2014
Breakdown by instrument category
Net value
accounting
Fair value
Fair
value via
earnings
Assets
available
for sale
Loans and
receivables
Debt at
depreciated
cost
Instruments
derivatives
Non-current financial assets
9,357
9,357
9,357
Other non-current assets
976
976
976
Trade and other receivables
216,107 216,107
214,614
1,493
Cash and cash equivalents
110,818 110,818 110,818
Total financial assets
337,258 337,258
110,818
224,947
1,493
Non-current borrowings
245,690 245,690
243,421
2,269
Other non-current financial liabilities
(excl. PCA)
5,856
5,856
5,856
Current borrowings
46,363
46,363
46,363
Trade and other accounts payable
244,261 244,261
239,430
4,831
Total financial liabilities
542,170 542,170
535,070
7,100