Menu

Net financial debt

08/06/2014 - 03:00 PM

Structure of Adjusted Net Financial Indebtedness (millions of euro) (*) 30.06.2014 31.12.2013 31.12.2012
Financial Liabilities:      
Non-current financial liabilities                32.505                31.084                34.075
Current financial liabilities  4.913    6.119    6.143
Financial liabilities regarding discontinued operations/assets held for sale                      28                      27                      23
Total gross financial debt                37.446                37.230                40.241
Financial assets:      
Securities other than investments, financial receivables and other non current financial assets 1.603   1.256     2.485
Current securities other than investments 1.366   1.348        751
Financial receivables and other current financial assets     252        283    419
Cash and cash equivalents  4.983 5.744  6.947
Financial activities regarding discontinued operations/assets held for sale         405      657        586
Total financial assets   8.609 9.288                11.188
Net financial debt carrying value                28.837                27.942                29.053

(*) On November 13, 2013, the Telecom Italia Group accepted the offer for the purchase of the entire controlling interest held in the Sofora - Telecom Argentina group. 

As a result, pursuant to IFRS 5 (Non-current assets held for sale and discontinued operations) the Argentina Business Unit was classified under Discontinued operations – Available-for-sale assets