85 / 168
85
3.2.6.2 Cash
This item is solely composed of bank balances.
3.2.6.3 Cash and Net debt
(in thousands of euros)
2017
2016
2015
Subsidiaries’ current accounts
395,058
399,705
411,313
Marketable securities
133,194
101,350
75,859
Cash
42,500
22,453
27,644
Cash available [A]
570,752
523,508
514,816
Subsidiaries’ current accounts [B]
270,781
220,007
255,476
Banking facilities for operations [B]
24
10
Net cash [A - B]
299,947
303,501
259,330
Borrowings and debt
352,016
286,748
215,548
Debt [C]
352,016
286,748
215,548
Net debt [D = C + B - A]
52,069
(16,753)
(43,782)
The decrease in the cash position in USD and the increase in financial debts following the drawdown of additional commercial paper are the
consequence of the change in net debt between 2016 and 2017.
3.2.6.4 Inventory of marketable securities
a) Shares
(in thousands of euros)
Gross book values
Provisions
Net book values
Equity interests
French companies
157,837
157,837
Foreign companies
–
–
–
Total equity interests
157,837
157,837
Securities held for sale
French companies
10
8
1
Foreign companies
–
–
–
Total marketable securities
10
8
1
b) Marketable securities
(in thousands of euros)
Gross book values
Provisions
Net book values
Treasury stock
7,919
6
7,913
SICAV and deposit certificates
125,275
–
125,275
Total marketable securities
133,194
6
133,188
3.2.7 Provisions for impairment of current assets
No provision for impairment of current assets was recorded at December 31, 2017.
LISI 2017 FINANCIAL REPORT
COMPANY FINANCIAL STATEMENTS
4