Consolidated statement of financial position

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Consolidated financial statements

Salini
Consolidated statement of financial position
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ASSETS (Values in €/000) Note 31 December 2013 31 December 2012 (§) 
Non-current assets    
Property, plant and equipment 1  199,915  298,777 
Intangible assets - Rights to infrastructure under concession 2  53,332  12,818 
Other intangible assets 3  45,965  34,043 
Goodwill 4  11,875  30,390 
Equity investments 5  45,995  62,637 
Non-current financial assets (*) 6  58,991  55,667 
Non-current intragroup loans and receivables 7  2,791  3,478 
Other non-current assets 8  9,018  10,782 
Deferred tax assets 9  102,650  105,484 
Total non-current assets 530,532  614,076 
       
Current assets    
Inventories 10  83,500  95,376 
Contract work in progress 11  876,186  864,368 
Trade receivables 12  926,465  809,180 
of which: related parties 37  1,461  – 
Current intragroup loans and receivables 12  241,653  253,685 
Derivatives and other current financial assets (*)  13  82,088  18,994 
Current tax assets 14  60,644  67,253 
Other current tax assets 14  96,538  80,579 
Other current assets 15  259,618  288,955 
of which: related parties 37  5,169  – 
Cash and cash equivalents (*) 16  813,290  1,243,086 
Total current assets 3,439,982  3,721,476 
Non-current assets held for sale 17  5,683  307,588 
Total assets 3,976,197  4,643,140 

(*) Items included in net financial position (indebtedness).
(§) Figures restated following the application of IAS 19 revised and to reflect the different presentation of certain financial assets following the acquisition by Salini S.p.A.. To align the disclosure to the approach adopted by the parent, the assets related to subordinated loans granted to associates and receivables for disposals of investments - previously shown under the items "Non-current intragroup loans and receivables", "Other non-current assets" and "Other current assets" - have been reclassified in the items "Non-current financial assets" and "Derivatives and other current financial assets" in the amount of € 39.3 million and € 7.3 million.

EQUITY AND LIABILITIES (Values in €/000) Note 31 December 2013 31 December 2012 (§) 
Equity      
Share capital   718,364  718,364 
Share premium reserve   1,222  1,222 
Other reserves   47,089  11,666 
Retained earnings   430,280  466,616 
Profit for the year   187,748  603,086 
Equity attributable to the owners of the parent   1,384,703  1,800,954 
Non-controlling interests   14,310  4,851 
Total equity 18  1,399,013  1,805,805 
         
Non-current liabilities      
Bank and other loans (*) 19  115,112  138,549 
Bonds (*) 20  149,212  148,840 
Finance lease payables (*) 21  13,319  40,028 
Non-current derivatives (*) 22  4,350  5,200 
Post-employment benefits and employee benefits 23  18,145  20,234 
Deferred tax liabilities 9  47,809  46,507 
Provisions for risks 24  94,161  98,285 
Other non-current liabilities 25  1,105  2,601 
Total non-current liabilities   443,213  500,244 
        
Current liabilities      
Current portion of bank loans and current account facilities (*) 19  225,169  235,211 
Current portion of bonds (*) 20  952  113,689 
Current portion of finance lease payables (*) 21  24,804  22,785 
Derivatives and other current financial liabilities (*) 22  –  65 
Progress payments and advances on contract work in progress 26  842,120  844,440 
Trade payables 27  676,108  731,484 
of which: related parties 37  207  22,090 
Current intragroup payables 27  72,722  87,115 
Current tax liabilities 28  57,477  52,630 
Other current tax liabilities 28  15,321  16,603 
Other current liabilities 29  219,298  233,069 
of which: related parties 37  769  18,343 
Total current liabilities   2,133,971  2,337,091 
Liabilities directly associated with assets  
Total equity and liabilities   3,976,197  4,643,140