EXEL industries - 2019 Universal Registration Document

Consolidated fi nancial statements Notes to the consolidated fi nancial statements

Note c 14 Analysis of fi nancial debt by nature

Consolidated (in € thousands)

09/30/2018

09/30/2019

Short-term facilities for operations and bank overdrafts - France and other countries c (2)

41,052

45,985

Finance leases (1)

765

1,116

Bank borrowings - France and other countries c (3)

72,191

82,281

Shareholder current account

35,561

33,431

Payables on employee pro fi t sharing

763

476

Other borrowings

502

538

Regulated government subsidies c (4)

3

94

TOTAL FINANCIAL DEBT

150,837

163,922

4

According to the maturities below: Non-current portion (> 1 c year)

57,081

68,204

Current portion (< 1 c year)

93,756

95,718

TOTAL FINANCIAL DEBT

150,837

163,922

The average rate of interest for the fi scal year was 2%, compared with 1.9% in the previous fi scal year.

(1) The following fi nance leases were restated under fi xed assets and fi nancial debt:

Gross value

Depreciation

Net value Loans outstanding

(in € thousands)

Land and buildings

3,004

(2,315)

689

Facilities, equipment & tools

2,173

(2,151)

22

Other non-current assets

3,944

(3,651)

293

(765)

Software

1,074

(1,074)

-

TOTAL

10,196

(9,192)

1,004

(765)

1,074

(1,074)

-

Of which intangible assets

Of which property, plant and equipment

9,121

(8,117)

1,004

TOTAL

10,196

(9,192)

1,004

(765)

Transactions which on an individual basis are not material or do not result in the acquisition of assets (vehicle fl eets) were not restated.

(2) Foreign short-term bank borrowings amounted to €5.4 c million. These primarily concern the foreign subsidiary in Denmark.

Consolidated (in € thousands)

09/30/2018

09/30/2019

France

71,505

81,212

Foreign

686

1,069

TOTAL

72,191

82,281

Of which fi xed rate

53,581

55,319

Of which variable rate

18,610

26,962

EXEL Industries Group I 2019 Universal Registration Document

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