| |
|
|
Changes excl. cash outflows |
|
| (in millions of euros) |
December 31, 2019 |
Cash outflows |
Acquisitions |
Exchange rate fluctuations |
Changes in fair value |
December 31, 2020 |
| Eurobond 1.125% – December 2021 (EIR 1.261%)(1) |
698 |
- |
- |
- |
1 |
699 |
| Eurobond 0.5% – November 2023 (EIR 0.741%)(1) |
495 |
- |
- |
- |
2 |
497 |
| Eurobond 1.625% – December 2024 (EIR 1.732%)(1) |
603 |
- |
- |
- |
(1) |
602 |
| Eurobond 0.625% – June 2025 (EIR 0.781%))(1) |
744 |
- |
- |
- |
1 |
745 |
| Eurobond 1.25% – June 2028 (EIR 1.329%)(1) |
745 |
- |
- |
- |
1 |
746 |
| Eurobond 1.75% – June 2031 (EIR 1.855%)(1) |
742 |
- |
- |
- |
- |
742 |
| Bonds (excl. accrued interest) |
4,027 |
- |
- |
- |
4 |
4,031 |
| Medium-term loan (financing of Epsilon acquisition) |
1,100 |
(940) |
- |
(10) |
- |
150 |
| Medium-term syndicated loan |
327 |
(327) |
- |
- |
- |
- |
| Debt related to earn-out commitments |
347 |
(134) |
21 |
(17) |
24 |
241 |
| Debt related to commitments to buy-out non-controlling interests |
36 |
(10) |
- |
(1) |
(1) |
24 |
| Accrued interest |
25 |
(150) |
- |
(3) |
171 |
43 |
| Other borrowings and credit lines |
20 |
(2) |
- |
(1) |
- |
17 |
| Bank overdrafts |
6 |
(3) |
- |
- |
- |
3 |
| Other financial liabilities |
51 |
(155) |
- |
(4) |
171 |
63 |
| Total financial liabilities |
5,888 |
(1,566) |
21 |
(32) |
198 |
4,509 |
| Fair value of derivative hedging on the 2021 and 2024 Eurobonds(2)
|
112 |
(38) |
- |
- |
(74) |
- |
| Fair value of derivative hedging on the 2025, 2028 and 2031 Eurobonds (2)
|
87 |
- |
- |
- |
(152) |
(65) |
| Fair value of derivative hedging on intra-group loans and borrowings (2)
|
39 |
- |
- |
- |
50 |
89 |
| Total liabilities related to financing activities |
6,126 |
(1,604) |
21 |
(32) |
22 |
4,533 |
- (1) Net of issuance costs. The number of securities at December 31, 2020 was 7,000 for the Eurobond 2021, 5,000 for the Eurobonds maturing in 2023, 6,000 for the Eurobonds maturing in 2024, 7,500 for the Eurobonds maturing in 2025, 7,500 for the Eurobonds maturing in 2028 and 7,500 for the Eurobonds maturing in 2031. The Effective Interest Rate (EIR) is given for each Eurobond.
- (2) Carried under “Other receivables and current assets” and/or under “Other creditors and current liabilities” on the consolidated balance sheet.
