LISI GROUP - 2018 Financial report

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2.7.4.1 - Commitments given in the context of ordinary operations
In addition to the operating leases whose annual charges are presented in note 2.6.1.2, commitments provided as part of current activities are as
follows:
In thousands of euros 2018 2017
Balance of investment orders 80,386 108,951
Guarantees and deposits 0 0
Commitments made 80,386 108,951
Rate swap 61,802 66,797
Foreign exchange hedging 235,507 268,350
Reciprocal commitments 297,309 335,147
Reciprocal commitments:
Reciprocal commitments are interest rate swaps to hedge variable rate loans (see note 2.5.6.1. Financial Debt) taken out to fund external growth.
As at December 31, 2018, the features of the SWAP contracts were as follows:
Notional at 12/31/2018
Nominal value
(in €’000) Departure date Maturity date Paying rate Receiving rate
Market value
(NPV) (in €’000)
LISI S.A. 5,000 06/10/2014 06/10/2021 0,9400% 3-month Euribor 21
LISI S.A. 5,000 06/10/2014 06/10/2021 0,9400% 3-month Euribor 20
LISI S.A. 10,000 06/10/2014 06/10/2021 0,9700% 3-month Euribor 45
LISI S.A. 5,000 06/10/2014 06/10/2021 0,9525% 3-month Euribor 22
LISI S.A. 5,000 06/10/2014 06/10/2021 0,9675% 3-month Euribor 21
LISI S.A. 25,000 06/30/2014 05/30/2019 0,4500% 3-month Euribor 43
LISI MEDICAL Fasteners 4,500 09/28/2012 09/30/2024 1,3000% 3-month Euribor 17
BLANC AERO INDUSTRIES 4,983 02/01/2016 01/15/2031 0,8290% 3-month Euribor (40)
BLANC AERO INDUSTRIES 4,983 02/01/2016 01/15/2031 0,8300% 3-month Euribor (40)
Creuzet Aéronautique 3,900 07/31/2012 07/31/2020 0,7750% 1-month Euribor 11
Total 120
The currency hedging instruments at December 31, 2018 are as follows:
Notional at 12/31/2018 Notional at 12/31/2017
Currency EUR Currency EUR
GBP 32,400 36,220 32,400 36,518
CAD 36,000 23,070 57,600 38,300
TRY 21,400 6,737 32,785 10,321
PLN 16,800 3,906 16,800 4,022
CZK 240,000 9,330
USD 178,901 156,245 214,901 179,189
235,507 268,350