This line item includes costs associated with the bond issue and the arrangement of the syndicated and other credit lines, for the portion still to be amortized over the remaining period to maturity of the bonds and to expiry of the credit lines.
Deferred expenses at December 31, 2020 were composed of:
(in thousands of euros) | December 31, 2020 | December 31, 2019 |
Bond issuance costs | 1,821 | 2,710 |
Costs of arranging credit lines | 2,957 | 4,124 |
Total | 4,848 | 6,834 |
The amounts on this line item represent the amounts still to be amortized over the remaining period to maturity of the bonds in question.
At December 31, 2020, the issue premiums broke down as follows:
(in thousands of euros) | December 31, 2020 | December 31, 2019 |
Eurobond 2021 | 595 | 1,211 |
Eurobond 2024 | 1,731 | 2,150 |
Eurobond 2023 | 2,803 | 3,777 |
Total | 5,129 | 7,138 |
Unrealized foreign exchange losses break down as follows:
(in thousands of euros) | December 31, 2020 | December 31, 2019 |
Unrealized foreign exchange losses – hedging derivatives (see Note 21) | - | 133,434 |
Unrealized foreign exchange losses – other | 2 | 66 |
Total | 2 | 133,500 |
The Company’s average headcount was one employee.
