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LISI 2016 FINANCIAL REPORT
The amounts given as scope changes are explained by the entry of LISI Medical Remmele into the consolidation scope of the Group on
May 1 2016.
b) Tangible assets held under a finance lease contract
(in €’000)
Land
Buildings
Technical facilities,
equipment and tools
TOTAL
Gross values at December 31, 2015
11,850
28,348 40,198
Other net changes
Acquisitions
13
44
56
Disposals
EXCHANGE rate differences
72
80
152
GROSS VALUES AT DECEMBER 31, 2016
11,935
28,472 40,407
Depreciation at December 31, 2015
4,670
23,085 27,757
Other net changes
4,159
4,159
Depreciation allowance
264
2,480
2,744
Depreciation reversals
EXCHANGE rate differences
11
49
59
DEPRECIATION AT DECEMBER 31, 2016
4,945
29,773 34,720
NET VALUES AT DECEMBER 31, 2016
6,989
(1,301)
5,688
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 €18 million.
2.5.1.3 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:
At 12/31/2016
Breakdown by instrument category
FINANCIAL ASSETS AND LIABILITIES RECORDED
ON BALANCE SHEET
(in €’000)
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
9,481
9,481
9,481
Other Non-current assets
950
950
950
Trade and other receivables
260,416 260,416
260,416
Cash and cash equivalents
141,719 141,719 141,719
TOTAL FINANCIAL ASSETS
412,566 412,566 141,719
270,847
Non-current borrowings
253,856 253,856
251,800
2,056
Other non-current financial liabilities (excl. PCA)
5,365
5,365
5,365
Current borrowings
106,037 106,037
106,037
Trade and other accounts payable
304,492 304,492
281,066
23,426
TOTAL FINANCIAL LIABILITIES
669,750 669,750
644,268
25,482
CONSOLIDATED FINANCIAL STATEMENTS
3