Half-Year Financial Report - For the Six Months Ended June 30, 2020

Chapter 2. Consolidated interim financial statements half-year ended june 30, 2020

/ Change in financial liabilities



Changes excl. cash and cash equivalents
(in millions of euros)December 31, 2019Cash flowAcquisitionsExchange rate fluctuationsChanges in fair valueJune 30, 2020
Eurobond 1.125% – December 2021 (EIR 1.261%)(1) 

Eurobond 1.125% – December 2021 (EIR 1.261%)

(1) 

698

Eurobond 1.125% – December 2021 (EIR 1.261%)

(1) 

-

Eurobond 1.125% – December 2021 (EIR 1.261%)

(1) 

Changes excl. cash and cash equivalents

-

Eurobond 1.125% – December 2021 (EIR 1.261%)

(1) 

-

1699
Eurobond 0.5% – November 2023 (EIR 0.741%)(1) 

Eurobond 0.5% – November 2023 (EIR 0.741%)

(1) 

495

Eurobond 0.5% – November 2023 (EIR 0.741%)

(1) 

-

Eurobond 0.5% – November 2023 (EIR 0.741%)

(1) 

Changes excl. cash and cash equivalents

-

Eurobond 0.5% – November 2023 (EIR 0.741%)

(1) 

-

1496
Eurobond 1.625% – December 2024 (EIR 1.732%)(1) 

Eurobond 1.625% – December 2024 (EIR 1.732%)

(1) 

603

Eurobond 1.625% – December 2024 (EIR 1.732%)

(1) 

-

Eurobond 1.625% – December 2024 (EIR 1.732%)

(1) 

Changes excl. cash and cash equivalents

-

Eurobond 1.625% – December 2024 (EIR 1.732%)

(1) 

-

(1)602
Eurobond 0.625% – June 2025 (EIR 0.781%)(1) 

Eurobond 0.625% – June 2025 (EIR 0.781%)

(1) 

744

Eurobond 0.625% – June 2025 (EIR 0.781%)

(1) 

-

Eurobond 0.625% – June 2025 (EIR 0.781%)

(1) 

Changes excl. cash and cash equivalents

-

Eurobond 0.625% – June 2025 (EIR 0.781%)

(1) 

-

-744
Eurobond 1.25% – June 2028 (EIR 1.329%)(1) 

Eurobond 1.25% – June 2028 (EIR 1.329%)

(1) 

745

Eurobond 1.25% – June 2028 (EIR 1.329%)

(1) 

-

Eurobond 1.25% – June 2028 (EIR 1.329%)

(1) 

Changes excl. cash and cash equivalents

-

Eurobond 1.25% – June 2028 (EIR 1.329%)

(1) 

-

-745
Eurobond 1.75% – June 2031 (EIR 1.855%)(1) 

Eurobond 1.75% – June 2031 (EIR 1.855%)

(1) 

742

Eurobond 1.75% – June 2031 (EIR 1.855%)

(1) 

-

Eurobond 1.75% – June 2031 (EIR 1.855%)

(1) 

Changes excl. cash and cash equivalents

-

Eurobond 1.75% – June 2031 (EIR 1.855%)

(1) 

-

-742
Bonds (excl. accrued interest)

Bonds (excl. accrued interest)


4,027

Bonds (excl. accrued interest)


-

Bonds (excl. accrued interest)

Changes excl. cash and cash equivalents

-

Bonds (excl. accrued interest)


-

14,028
Medium-term loan (financing of Epsilon acquisition)

Medium-term loan (financing of Epsilon acquisition)


1,100

Medium-term loan (financing of Epsilon acquisition)


-

Medium-term loan (financing of Epsilon acquisition)

Changes excl. cash and cash equivalents

-

Medium-term loan (financing of Epsilon acquisition)


4

-1,104
Medium-term syndicated loan

Medium-term syndicated loan


327

Medium-term syndicated loan


(327)

Medium-term syndicated loan

Changes excl. cash and cash equivalents

-

Medium-term syndicated loan


-

-0
Credit facility

Credit facility


0

Credit facility


983

Credit facility

Changes excl. cash and cash equivalents

-

Credit facility


-

-983
Debt related to earn-out payments

Debt related to earn-out payments


347

Debt related to earn-out payments


(28)

Debt related to earn-out payments

Changes excl. cash and cash equivalents

20

Debt related to earn-out payments


(1)

(14)324
Debt related to commitments to purchase non-controlling interests

Debt related to commitments to purchase non-controlling interests


36

Debt related to commitments to purchase non-controlling interests


-

Debt related to commitments to purchase non-controlling interests

Changes excl. cash and cash equivalents

-

Debt related to commitments to purchase non-controlling interests


(1)

-35
Accrued interest

Accrued interest


25

Accrued interest


(47)

Accrued interest

Changes excl. cash and cash equivalents

-

Accrued interest


-

5230
Other borrowings and credit lines(3) 

Other borrowings and credit lines

(3) 

20

Other borrowings and credit lines

(3) 

(3)

Other borrowings and credit lines

(3) 

Changes excl. cash and cash equivalents

-

Other borrowings and credit lines

(3) 

-

-17
Bank overdrafts

Bank overdrafts


6

Bank overdrafts


-

Bank overdrafts

Changes excl. cash and cash equivalents

-

Bank overdrafts


-

-6
Other financial liabilities

Other financial liabilities


51

Other financial liabilities


(50)

Other financial liabilities

Changes excl. cash and cash equivalents

-

Other financial liabilities


-

5253
Total borrowings and other financial liabilities

Total borrowings and other financial liabilities


5,888

Total borrowings and other financial liabilities


578

Total borrowings and other financial liabilities

Changes excl. cash and cash equivalents

20

Total borrowings and other financial liabilities


2

396,527
Fair value of derivative hedging on the 2021 and  2024 Eurobonds (2)

Fair value of derivative hedging on the 2021 and  2024 Eurobonds

 (2)

112

Fair value of derivative hedging on the 2021 and  2024 Eurobonds

 (2)

-

Fair value of derivative hedging on the 2021 and  2024 Eurobonds

 (2)

Changes excl. cash and cash equivalents

-

Fair value of derivative hedging on the 2021 and  2024 Eurobonds

 (2)

-

57169
Fair value of derivative hedging on the 2025, 2028  and 2031 Eurobonds(2)

Fair value of derivative hedging on the 2025, 2028  and 2031 Eurobonds

(2)

87

Fair value of derivative hedging on the 2025, 2028  and 2031 Eurobonds

(2)

(59)

Fair value of derivative hedging on the 2025, 2028  and 2031 Eurobonds

(2)

Changes excl. cash and cash equivalents

-

Fair value of derivative hedging on the 2025, 2028  and 2031 Eurobonds

(2)

-

186214
Fair value of derivative hedging on intra-group loans and borrowings (2)

Fair value of derivative hedging on intra-group loans and borrowings

 (2)

39

Fair value of derivative hedging on intra-group loans and borrowings

 (2)

-

Fair value of derivative hedging on intra-group loans and borrowings

 (2)

Changes excl. cash and cash equivalents

-

Fair value of derivative hedging on intra-group loans and borrowings

 (2)

-

1554
Total liabilities related to financing activities

Total liabilities related to financing activities


6,126

Total liabilities related to financing activities


519

Total liabilities related to financing activities

Changes excl. cash and cash equivalents

20

Total liabilities related to financing activities


2

2976,964

(1) Net of issuance costs. The number of securities at June 30, 2020 is 7,000 for the Eurobond maturing in 2021, 5,000 for the Eurobond maturing in 2023, 6,000 for the Eurobond maturing in 2024, 7,500 for the Eurobond maturing in 2025, 7,500 for the Eurobond maturing in 2028 and 7,500 for the Eurobond maturing in 2031. The Effective Interest Rate (EIR) is given before the effects of the swaps.

(2) Carried under “Other receivables and current assets” and/or under “Other debts and current liabilities” on the consolidated balance sheet.

(3) Cash flows net of inflows and outflows during the period.