FINANCIAL DEBT
The table below provides a simplified breakdown of the Group’s net financial debt:
(In milions of euro) |
12.31.2018 |
12.31.2017 |
---|
Non-current financial debt |
353 |
221 |
- Due to banks |
275 |
144 |
- Due to EDF Group companies |
60 |
70 |
- Financial leasing |
9 |
2 |
- Due to other lenders |
9 |
5 |
Assets for financial leasing |
(3) |
- |
Non current net financial debt |
350 |
221 |
Bonds - current portion |
- |
4 |
Current financial debt |
218 |
157 |
- Due to banks |
120 |
56 |
- Due to EDF Group companies |
16 |
14 |
- Financial leasing |
2 |
1 |
- Due to other lenders |
80 |
86 |
Current financial assets (*) |
(3) |
(6) |
Cash and cash equivalents |
(149) |
(260) |
Current net financial debt |
66 |
(105) |
Net financial debt |
416 |
116 |
|
Debt/Equity |
0.07 |
0.02 |
(*) Since January 1, 2018, following the application of the new accounting standard IFRS 9, the "Equity investments held for trading" (included for about 3 million euros in "Current financial assets" at December 31, 2017) were reclassified in "Investments at fair value through profit and loss"