LensCrafters 2015 Annual Report Download - page 199

Notes to the separate financial statements as of December 31, 2015 Page 19 of 77
8. DERIVATIVE FINANCIAL INSTRUMENTS
Balance at 12/31/2015 Balance at 12/31/2014
1,395,827 702,604
The balance at December 31, 2015 consists of Euro 12,061 for the fair value of forward contracts with Group
companies, Euro 693,478 for the fair value of forward contracts with third parties and Euro 690,288 for the fair value of
swaps with third parties.
The balance at December 31, 2014 entirely consisted of the fair value of forward contracts with Group companies.
Additional information can be found in section two of this document entitled "Risk management".
9. OTHER ASSETS
Balance at 12/31/2015 Balance at 12/31/2014
454,659,236 79,028,833
This balance comprises:
Description 12/31/2015
12/31/2014
Cash pooling receivables from Group
companies 390,380,634
9,694,937
Sundry advances 26,455,223 32,880,642
Tax consolidation receivables from
Group companies 17,815,464
23,326,315
Prepaid expenses 6,530,337 4,995,826
Loans to Group companies 5,317,997 1,514,839
Sales tax transferred by Group companies 4,519,457 3,761,303
Other receivables 3,640,124 2,356,110
Accrued income - 498,861
Total 454,659,236 79,028,833
9.1 Cash pooling receivables from Group companies
The change in cash pooling receivables is due to the fact that as from October 1, 2015 Luxottica Group S.p.A. is now in
charge of cash pooling activities.
9.2 Sundry advances
Balance at 12/31/2015 Balance at 12/31/2014
26,455,223 32,880,642
Sundry advances mostly comprise Euro 19,467,611 in advance payments for royalties (relating to future years), Euro
4,199,763 in advances to suppliers and Euro 2,103,860 in advances to employees.