Financial debt and cost of debt

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"