LensCrafters 2015 Annual Report Download - page 117

Notes to the consolidated financial statement as of December 31, 2015 Page 23 di 68
For the purposes of fully disclosing information about financial risks, a reconciliation between classes of financial assets and
liabilities and the types of financial assets and liabilities identified on the basis of IFRS 7 requirements is reported below
(in thousands of Euro):
(in thousands of Euro)
December 31, 2015
Financial
assetsat fair
value through
profit and loss
Loans and
receivables
Investments
held until
maturity
Financial
assets
available
for sale
Financial
liabilities at
fair value
through profit
and loss
Hedging
derivatives
Total Note(*)
Cash and cash
equivalents —
864,852 — — — — 864,852 6
Accounts receivable — 858,053 — — — — 858,053 7
Other current assets 2,055 93,316 — — — — 95,372 9
Other non-current assets — 84,800 — — — — 84,800 13
Short-term borrowings — 110,450 — — — — 110,450 15
Current portion of
long
-
term debt
— 44,882 — — — — 44,882 16
Accounts payable — 927,186 — — — — 927,186 17
Other current liabilities — 601,572 — — 2,173 — 603,745 20
Long-term debt — 1,715,104 — — — — 1,715,104 21
Other non-current
liabilities —
91,391 — — — — 91,391 24
December 31, 2014
Financial
assets at fair
value through
profit and loss
Loans and
receivables
Investments
held until
maturity
Financial
assets
available
for sale
Financial
liabilities at
fair value
through profit
and loss
Hedging
derivatives
Total Note(*)
Cash and cash
equivalents —
1,453,587 — — — — 1,453,587 6
Accounts receivable — 754,306 — — — — 754,306 7
Other current assets
1,008
89,882
—
—
—
—
90,890
9
Other non-current assets — 83,739 — — — — 83,739 13
Short-term borrowings — 151,303 — — — — 151,303 15
Current portion of
long
-
term debt
— 626,788 — — — — 626,788 16
Accounts payable — 744,272 — — — — 744,272 17
Other current liabilities
—
572,962
—
—
4,376
—
577,338
20
Long
-
term debt
—
1,688,415
—
—
—
—
1,688,415
21
Other non-current
liabilities —
83,770 — — — — 83,770 24
* The notes reported above refer to the paragraphs within these notes to the consolidated financial statements in which the financial assets and
liabilities are further explained.
Default risk: negative pledges and financial covenants
The financing agreements of the Group (see Note 21) require compliance with negative pledges and financial covenants, as set
forth in the respective agreements, with the exception of the Group’s bond issues dated March 19, 2012 and February 10, 2014,
which require compliance only with negative pledges.
With regards to negative pledges, in general, the clauses prohibit the Company and its subsidiaries from granting any liens or
security interests on any of their assets in favor of third parties without the consent of the lenders over a threshold equal to 20%