94
95
Annual Financial Statements
MYTILINEOS GROUP
MYTILINEOS S.A.
(Amounts in thousands
€
)
31/12/2015
31/12/2014
31/12/2015
31/12/2014
Total Opening
3,080
1,598
581
431
Additions
6,832
18,721
-
-
Sales
(8,871)
(15,967)
(540)
-
Fair Value Adjustments
36
(1,311)
109
150
Exchange Rate Differences
-
40
-
-
Closing Balance
1,077
3,080
150
581
MYTILINEOS GROUP
31/12/2015
31/12/2014
(Amounts in thousands
€
)
Asset
Liability
Asset
Liability
Derivatives
-
3,392
555
4,949
MYTILINEOS GROUP
MYTILINEOS S.A.
(Amounts in thousands
€
)
31/12/2015
31/12/2014
31/12/2015
31/12/2014
Customers - Withholding quarantees falling due after one year
213,511
72,142
-
-
Given Guarantees
1,498
1,313
175
173
Other long term receivables
5,084
5,613
-
-
Other Long-term Receivables
220,092
79,069
175
173
MYTILINEOS GROUP
MYTILINEOS S.A.
(Amounts in thousands
€
)
31/12/2015
31/12/2014
31/12/2015
31/12/2014
Long-term debt
Bank loans
2,278
2,179
-
-
Bonds
402,000
521,770
-
151,981
Other
-
74
-
-
Total
404,278
524,023
-
151,981
Short-term debt
Overdraft
64,402
48,974
17,245
3,832
Bank loans
46,620
56,774
-
-
Bonds
55,000
15,000
-
-
Total
166,023
120,748
17,245
3,832
Current portion of non-current liabilities
157,235
42,090
7,130
9,167
Total
727,536
686,861
24,375
164,980
MYTILINEOS GROUP
MYTILINEOS S.A.
(Amounts in thousands
€
)
31/12/2015
31/12/2014
31/12/2015
31/12/2014
Received guarantees - Grants-Leasing
Total Opening
34,116
37,743
-
-
Additions
599
-
-
-
Transfer At Profits/Loss
(502)
-
-
-
Transfer From / (To) Short - Term
(690)
(3,627)
-
-
Closing Balance
33,523
34,116
-
-
Advances of customers
Total Opening
24,413
11,261
-
-
Additions
10,836
61,558
-
-
Transfer At Profits/Loss
-
-
-
-
Transfer From / (To) Short - Term
(27,419)
(48,406)
-
-
Closing Balance
7,830
24,413
-
-
Other
Total Opening
164
101,267
35,598
37,347
Additions
-
(48,480)
-
-
Transfer From / (To) Short - Term
-
(52,437)
(7,105)
(1,749)
Discont. Operations / Sales Of Subsidiary
-
(189)
-
-
Exchange Rate Differences
1
2
-
-
Closing Balance
165
164
28,493
35,598
Suppliers holdings for good performance
Total Opening
13,773
-
-
-
Additions
40,002
16,993
-
-
Transfer From / (To) Short - Term
(4,750)
(3,220)
-
-
Closing Balance
49,026
13,773
-
-
Total
90,545
72,467
28,493
35,598
4.8.2 Financial assets at fair value through profit or loss
4.8.3 Derivatives financial instruments
All derivatives open positions have been marked to market. Fair values of the “interest rate swaps”, are confirmed by the financial institu-
tions that the Group has as counterparties.
The Group manages the exposure to currency risk through the use of currency forwards and options and thus by “locking” at exchange
rates that provide sufficient cash flows and profit margins. Furthermore, the Group manages the exposure to commodity risk through the
use of: a) commodity futures that hedge the risk from the change at fair value of commodities and b) commodity swaps that hedge fluctua-
tions in cash flows from the volatility in aluminum prices.
4.8.4 Other long-term receivables
4.8.5 Loan liabilities
The effective weighted average borrowing rate for the group, as at the balance sheet date is 5,44%.
During the reporting period 2015 the Group proceeded with restructuring of existing borrowings in order to extent
maturity.
4.8.6 Other long-term liabilities
4.8.1 Financial Assets available for sale
MYTILINEOS GROUP
MYTILINEOS S.A.
(Amounts in thousands
€
)
31/12/2015
31/12/2014
31/12/2015
31/12/2014
Total Opening
507
1,200
112
37
Other Additions
108
-
-
75
Sale Of Investment
-
(1)
-
-
Valuation Of Treasury Shares At Fair Value
1,619
-
-
-
Other Changes
(22)
(836)
-
-
Exchange Rate Differences
42
144
-
-
Closing Balance
2,253
507
112
112
