RUBIS_REGISTRATION_DOCUMENT_2017
FINANCIAL STATEMENTS 9
2017 consolidated financial statements and notes
4.10.4 Trade and other payables (current operating liabilities) (in thousands of euros)
12/31/2016
12/31/2017
Trade payables
296,601
204,567 11,516 34,021 73,574
Debt on the acquisition of fixed assets (long-term portion)
8,231
Liabilities related to payroll
36,774 74,426
Taxes payable
Expenses payable
152
121 993
Current accounts (to non-controlling interests)
90
Miscellaneous operating liabilities
41,599 457,873
30,451 355,243
TOTAL
RECONCILIATION OF CHANGE IN WORKING CAPITAL WITH THE STATEMENT OF CASH FLOWS
Net carrying amount as of 12/31/2017 Net carrying amount as of 12/31/2016
457,873 355,243 102,630 (160,750)
CHANGE IN TRADE AND OTHER PAYABLES ON THE BALANCE SHEET
Impact of change in the scope of consolidation
Impact of foreign exchange differences
28,229 17,909
Impact of reclassifications
Impact of change in payables on acquisition of assets (in investment)
3,285
Impact of the change in dividends payable and accrued interest on liabilities or debts (in financing)
(10)
Impact of change in other liabilities (long-term portion)
16,178 7,471
CHANGE IN TRADE AND OTHER PAYABLES ON THE STATEMENT OF CASH FLOWS
4.10.5 Liquidity risk Risk related to supplier and subcontractor dependence Group purchases made with the largest supplier, the top 5 suppliers and the top 10 suppliers over the past 2 fiscal years:
2016
2017
Top supplier
8%
9%
Top 5 suppliers Top 10 suppliers
32% 47%
34% 43%
totaling €1,061.9 million. Given the Group’s net debt to shareholders’ equity ratio (33%) as of December 31, 2017 and its cash flow,
Liquidity risk In the year ended December 31, 2017, the Group used confirmed credit facilities
the ability to draw down these lines is not likely to be put at risk due to a breach of covenants.
Less than 1 year
1 to 5 years
More than 5 years
(in € million)
Repayment schedule
229
1,131
86
At the same time, the Group has €825 million in immediately available cash on the assets side of its balance sheet. The remaining contractual maturities of the Group’s financial liabilities break down as follows (including interest payments):
Financial liabilities (in thousands of euros)
Contractual cash flows
Less than 1 month
1 to 3 months
3 months to 1 year
1 to 5 years
More than 5 years
Book value
Total
Borrowings and financial debt
1,234,252
1,265,908
1,169,869
96,039 1,265,908
Deposit/consignment
103,991
103,991
46
77
721
66,625
36,522
103,991
Other non-current liabilities Borrowings and bank overdrafts
3,461
3,461
3,461
3,461
277,678 457,873 39,461 The difference between contractual cash flows and the book values of financial liabilities mainly corresponds to future interest. 2017 Registration Document I RUBIS 214 292,711 457,873 39,461 82,978 340,569 8,185 201,548 37,317 29,543 Trade and other payables Other current liabilities 60,964 18,654 368 5,415 4,018 472 13 TOTAL 2,116,716 2,163,404 429,008 73,245 269,128 1,259,081
292,711 457,873 39,461
132,942 2,163,404
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