52 / 168
b) Tangible assets held under a finance lease contract
(in €’000)
Land
Buildings
Technical facilities,
equipment and tools
TOTAL
GROSS VALUES AT DECEMBER 31, 2016
11,935
28,472
40,407
Other net changes
4,396
4,396
Acquisitions
13
13
Scope changes
2,514
2,514
EXCHANGE RATE DIFFERENCES
(629)
(568)
(1,197)
GROSS VALUES AT DECEMBER 31, 2017
13,833
32,300
46,133
DEPRECIATION AT DECEMBER 31, 2016
4,945
29,773
34,718
Other net changes
(8,318)
(8,318)
Depreciation allowance
268
2,819
3,087
Depreciation reversals
EXCHANGE RATE DIFFERENCES
(46)
(218)
(265)
DEPRECIATION AT DECEMBER 31, 2017
5,167
24,055
29,224
NET VALUES DECEMBER 31, 2017
8,666
8,245
16,910
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 €19 million, compared to
€18 in 2016.
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 12/31/2017
Breakdown by instrument category
FINANCIAL ASSETS AND LIABILITIES RECORDED
ON BALANCE SHEET
(in thousands of euros)
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
9,982
9,982
9,982
Other Non-current assets
429
429
429
Trade and other receivables
261,249 261,249
244,674
16,575
Cash and cash equivalents
197,576 197,576
197,576
TOTAL FINANCIAL ASSETS
469,236 469,236
197,576
255,085
16,575
Non-current borrowings
317,757
317,757
316,448
1,309
Other non-current financial liabilities
(excl. PCA)
4,678
4,678
4,678
Current borrowings
179,973 179,973
179,973
Trade and other accounts payable
297,109 297,109
296,504
605
TOTAL FINANCIAL LIABILITIES
799,517 799,517
797,603
1,914
52
LISI 2017 FINANCIAL REPORT
CONSOLIDATED FINANCIAL STATEMENTS
3