APC 2014 Annual Report Download - page 265

COMPANY FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
EUR1billion worth of bonds issued in July2006,
–
During the year, the EUR500million worth of bonds issued in
comprising a EUR500million five-year floating rate tranche July2006 was repaid at its maturity on January17, 2014 and the
reimbursed on July18, 2011 and a EUR500million EUR300million worth of bonds issued in July2011 was repaid at
71/2-year4.5% tranche, its maturity on July1, 2014.
EUR600million worth of 4% bonds issued in August2005
–
The issue premiums and issuance costs are amortized in line with
and maturing in August2017.
the effective interest method.
Other borrowings Note10
Other borrowings at December31, 2014 included accrued interest on bonds and other debt issued by the company. Accrued interest
amounted to EUR112million, compared to EUR133million at end of2013.
Interest-bearing liabilities Note11
(in thousands of euros)
Interest-bearing liabilities Dec.31, 2013 Increase Decrease Dec.31, 2014
Commercial paper 1,205,000 6,007,800 (6,452,800) 760,000
Overdrafts 375 - (361) 14
Other - 600,000 (600,000) -
Net 1,205,375 6,607,800 (7,053,161) 760,014
In 2014, two promissory notes were issued to BNP for EUR600million with maturity date October21, 2014 and November21, 2014.
All commercial papers are redeemable in 2015.
Maturities of receivables and payables Note12
(in thousands of euros) Total Due within 1 year Due in 1 to 5 years Due beyond 5 years
Non-current assets
Advances to subsidiaries and affiliates 3,958,484 644,633 2,654,927 658,924
Other investment - - - -
Current assets
Accounts receivable – trade 204 204 - -
Other receivables 116,695 89,879 25,692 1,124
Marketable securities 162,626 - 162,626 -
Prepaid expenses 1,355 1,355 - -
6
Debt
Bonds 5,594,095 750,000 3,085,171 1,758,924
Bank loans 184,000 - 184,000 -
Other borrowings 111,738 111,738 - -
Amounts payable to subsidiaries and affiliates 13 - 13 -
Interest-bearing liabilities 760,014 760,014 - -
Accounts payable – trade 436 436 - -
Accrued taxes and payroll costs 199,770 199,770 - -
Other 15,837 5,812 - 10,025
Deferred income 450 450 - -
263
2014 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC