92
93
Annual Financial Statements
MYTILINEOS GROUP
(Amounts in thousands
€
)
31/12/2015 31/12/2014
Raw materials
136,754
59,729
Semi-finished products
1,260
907
Finished products
19,157
23,325
Work in Progress
31,565
31,029
Merchandise
5,625
1,610
Others
47,347
38,118
Total
241,708
154,719
(Less)Provisions for scrap, slow moving and/or destroyed inventories:
(2,432)
(2,432)
Total Stock
239,276
152,287
MYTILINEOS S.A.
1/1/2015
31/12/2015
(Amounts in thousands
€
)
At 1st January
Recognised In Profit
Or Loss
Recognised In Other
Comprehensive
Income
As At 31 December
Deferred Tax Asset Deferred Tax Liability
Non - Current Assets
Intangible Assets
730
(11)
-
720
720
-
Tangible Assets
(1,089)
(137)
-
(1,226)
-
(1,226)
Investment to subsidiaries
(3)
(29,521)
-
(29,524)
-
(29,524)
Current Assets
Receivables
15,600
(4,800)
-
10,800
10,800
-
Financial Assets at fair value
(22)
64
-
42
42
-
Reserves
Actuarial Gain/Losses
-
19
(4)
15
15
-
Long-term Liabilities
Employee Benefits
58
(10)
-
49
49
-
Long-ΤermLoans
(363)
332
-
(30)
-
(30)
Short-Term Liabilities
Provisions
(4,146)
6,471
-
2,325
1,045
1,281
Other Contingent Defer Taxes
(34,791)
34,791
-
-
-
-
Total
(24,023)
7,199
(4)
(16,830)
12,671
(29,499)
Deferred Tax From Tax Losses
5,004
(5,004)
-
-
-
-
Deferred Tax (Liability)/Receivables
(19,020)
2,194
(4)
(16,830)
12,670
(29,500)
MYTILINEOS S.A.
1/1/2014
31/12/2014
(Amounts in thousands
€
)
At 1st January
Recognised In
Profit Or Loss
Recognised In Other
Comprehensive
Income
Deferred Tax Impact
From Disposal Of
Subsidiary
As At 31
December
Deferred Tax
Asset
Deferred Tax
Liability
Non - Current Assets
Intangible Assets
824
(93)
-
(1)
730
730
-
Tangible Assets
(1,078)
(11)
-
-
(1,089)
-
(1,089)
Investment to subsidiaries
3,457
(8,885)
-
5,425
(3)
(3)
-
Current Assets
Receivables
-
13,444
-
2,156
15,600
15,600
-
Financial Assets at fair value
17
(39)
-
-
(22)
(22)
-
Long-term Liabilities
Employee Benefits
50
(10)
19
-
58
58
-
Long-ΤermLoans
-
(363)
-
-
(363)
-
(363)
Short-Term Liabilities
Provisions
(468)
(1,540)
-
(2,137)
(4,146)
867
(5,013)
Other Contingent Defer Taxes
(34,791)
-
-
-
(34,791)
-
(34,791)
Total
(31,990)
2,504
19
5,443
(24,023)
17,231
(41,255)
Deferred Tax From Tax Losses
5,004
-
-
-
5,004
5,004
-
Deferred Tax (Liability)/Receivables
(26,986)
2,504
19
5,443
(19,020)
22,235
(41,255)
MYTILINEOS GROUP
MYTILINEOS S.A.
(Amounts in thousands
€
)
31/12/2015 31/12/2014
31/12/2015 31/12/2014
Other Debtors
60,441
43,594
87
48
Receivables from the State
65,060
59,787
3,135
1,962
Receivables from Subsidiaries
(89)
288
40,212
321
Loans given to Subsidiaries
-
255
-
-
Accrued income - Prepaid expenses
25,468
8,336
-
-
Prepaid expenses for construction contracts
7
(891)
-
-
Less: Provision for Bad Debts
899
-
-
-
Total
149,988
111,369
43,434
2,332
MYTILINEOS GROUP
MYTILINEOS S.A.
31/12/2015 31/12/2014
31/12/2015 31/12/2014
(Amounts in thousands
€
)
Non current assets
-
-
-
-
Financial Assets Available for Sale
2,253
507
112
112
Other Long-term Receivables
220,092
79,069
175
173
Total
222,344
79,575
287
284
Current assets
-
-
-
-
Derivatives
-
555
-
-
Financial assets at fair value through profit or loss
1,077
3,080
150
581
Trade and other receivables
620,002
518,387
43,519
11,825
Cash and cash equivalents
200,859
313,428
1,249
786
Total
821,939
835,450
44,918
13,193
Non-Current Liabilities
-
-
-
-
Long-term debt
404,278
524,023
-
151,981
Other long-term liabilities
90,545
72,467
28,493
35,598
Total
494,822
596,489
28,493
187,579
Current Liabilities
-
-
-
-
Short-term debt
166,023
120,748
17,245
3,832
Current portion of non-current liabilities
157,235
42,090
7,130
9,167
Derivatives
3,392
4,949
-
-
Trade and other payables
606,515
522,853
137,206
140,669
Total
933,164
690,641
161,581
153,668
4.6 Inventories
4.7 Other receivables
4.8 Financial assets & liabilities
The Group’s financial instruments consist mainly of deposits with banks, bank overdrafts, FX spot and forwards, trade accounts
receivable and payable, loans to and from subsidiaries, associates, joint ventures, investments in bonds, dividends payable and
lease obligations.
The financial instruments presented in the financial statements are categorized in the tables below:
