EXEL industries - 2019 Universal Registration Document

Consolidated fi nancial statements 4

Notes to the consolidated fi nancial statements

(3) These concern advances granted by public funding agencies for modernization and innovation or advances received from COFACE for commercial prospecting for export business.

Financial debt in foreign currency At September c 30, 2019, fi nancial debt in foreign currencies break down as follows: „ Financial debt denominated in GBP €19,035 c thousand ( i.e. GBP c 16,889 c thousand); „ Financial debt denominated in DKK €5,226 c thousand ( i.e. DKK c 38,968 c thousand); „ Financial debt denominated in USD €6,813 c thousand ( i.e. USD c 7,887 c thousand); „ Financial debt denominated in AUD €1,707 c thousand ( i.e. AUD c 2,739 c thousand).

Net fi nancial debt

Consolidated (in ƭ € thousands)- Debts in (+)/Liquidities (-)

9/30/2018

9/30/2019

Net cash

(47,911)

(32,946)

Bank borrowings

72,191

82,281

Shareholder current account

35,561

33,431

Finance leases

763

1,116

Other borrowings

502

538

Regulated government subsidies

3

94

NET FINANCIAL DEBT

61,109

84,516

Note c 15 Repayment schedule of fi nancial debt at September c 30, 2019

Consolidated (in € thousands)

Less than 1 c year

1 to 5 c years More than 5 c years

Total

Short-term operating loans and overdrafts with banks – France and other countries

41,052

-

-

41,052

Finance leases

394

372

-

765

Bank borrowings – France and other countries

16,314

54,231

1,646

72,191

Employee pro fi t sharing payables and miscellaneous payables

435

706

124

1,266

Contingent debt

-

3

-

3

TOTAL

58,194

55,311

1,770

115,276

Shareholder current account

35,561

-

-

35,561

TOTAL FINANCIAL DEBT

93,756

55,311

1,770

150,837

EXEL Industries Group I 2019 Universal Registration Document

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