LISI GROUP - 2018 Financial report

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b) Tangible assets held under a finance lease contract
(in thousands of euros) Land Buildings
Technical facilities,
equipment and tools
Other tangible
assets Current assets TOTAL
Gross values at December 31, 2017 13,833 32,300 46,133
Other changes 160 160
Acquisitions 4,296 4,296
Disposals (1,493) (1,493)
Scope changes 278 278
Exchange rate differences 257 358 615
Gross values at December 31, 2018 18,824 31,165 49,989
Depreciation at December 31, 2017 5,167 24,055 29,224
Other changes 20 (1,493) (1,473)
Depreciation allowance 305 2,497 2,802
Depreciation reversals
Scope changes 168 168
Exchange rate differences 26 141 167
Depreciation at December 31, 2018 5,687 25,202 30,889
Net values at December 31, 2018 13,136 5,963 19,099
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 are mainly for office equipment and
vehicle leases.
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 €21 million, compared to
€19 million in 2017.
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 12/31/2018 Breakdown by instrument category
Financial assets and liabilities
on the 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 Derivatives
Non-current financial assets 8,923 8,923 8,923
Other Non-current assets 480 480 480
Trade and other receivables 263,141 263,141 260,994 2,147
Cash and cash equivalents 156,879 156,879 156,879
Total financial assets 429,423 429,423 156,879 270,397 2,147
Non-current borrowings 337,354 337,354 336,165 1,189
Othernon-currentfinancial liabilities (excl.PCA) 1,734 1,734 1,734
Current borrowings 158,831 158,831 158,831
Trade and other accounts payable 298,469 298,469 296,197 2,272
Total financial liabilities 796,388 796,388 792,927 3,461