APC 2015 Annual Report Download - page 231

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 229
CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2015
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(e) Reconciliation with cash flow statement
The increase and decrease in provisions retreated at statutory cash fl ow were as follows:
Dec.31, 2015 Dec.31, 2014
Increase of provision 552 421
Utilization of provision (460) (422)
Reversal of surplus provision (165) (129)
Provision variance including tax provisions but excluding employee benefi t obligation (73) (130)
(Tax provisions net variance) 21 (4)
Provision variance excluding tax provisions and pension benefi t obligation (52) (134)
Employee benefi t obligation net variance excluding contribution to plan assets (30) 66
Increase/(decrease) in provisions in cash-fl ow statement (82) (68)
Note24 Total (current and non-current) financial liabilities
Non-current fi nancial liabilities break down as follows:
Dec.31, 2015 Dec.31, 2014
Bonds 6,588 5,405
Bank and other borrowings 371 707
Lease liabilities 26
Employee profi t sharing 79
Short-term portion of convertible and non-convertible bonds (669) (750)
Short-term portion of long-term debt (164) (350)
NON-CURRENT FINANCIAL LIABILITIES 6,135 5,027
Current fi nancial liabilities break down as follows:
Dec.31, 2015 Dec.31, 2014
Commercial paper - 760
Accrued interest 81 112
Other short-term borrowings 431 461
Drawdown of funds from lines of credit --
Bank overdrafts 150 212
Short-term portion of convertible and non-convertible bonds 669 750
Short-term portion of long-term debt 164 350
SHORT-TERM DEBT 1,495 2,645
TOTAL CURRENT AND NON-CURRENT FINANCIAL LIABILITIES 7,630 7,672
CASH AND CASH EQUIVALENTS (SEE NOTE20) (2,999) (2,650)
NET DEBT 4,631 5,022