Consolidated net debt/(Net financial debt)

Consolidated net debt/(Net financial debt)

In thousands of Euros Notes 31 December 2009 31 December 2008 Change
Liquidity   200,239 39,985 160,254
Short-term financial receivables due from third parties 26   4,137 (4,137)
Short-term financial receivables due from affiliated companies 26   45 (45)
Securities 26 4,127 1,605 2,522
Current financial receivables   4,127 5,787 (1,660)
Payables due to banks 32 (24,473) (66,378) 41,905
Current portion of bank financing 32 (58,812) (57,734) (1,078)
Amounts due to factoring companies 32 (26,599) (13,020) (13,579)
Amounts due under leases 32 (758) (727) (31)
Current portion of payables due to other financiers 32 (2,536) (2,569) 33
Aprilia Instruments 32   (263) 263
Current financial debt   (113,178) (140,691) 27,513
Net current financial debt   91,188 (94,919) 186,107
Payables due to banks and financing institutions 32 (289,872) (117,056) (172,816)
Bonds 32 (137,665) (120,873) (16,792)
Amounts due under leases 32 (8,262) (9,019) 757
Amounts due to other lenders 32 (7,365) (8,842) 1,477
Aprilia Instruments 32   (8,999) 8,999
Non-current financial debt   (443,164) (264,789) (178,375)
NET FINANCIAL DEBT *   (351,976) (359,708) 7,732

* Pursuant to Consob Communication of 28 July 2006 and in compliance with the recommendation of the CESR of  10 February 2005 “Recommendation for the consistent implementation of the European Commission’s Regulation on Prospectuses“.

This table reconciles the movement in the flow of the consolidated net debt with liquid fund movements as shown in the Statement of Cash Flows.

In thousands of Euros
Increase/decrease in liquid funds from the cash flow statement 171,498
Outflow for repayment of loans 234,179
Repayment of finance leases 726
Loans received (395,365)
Amortised cost on M-L term financing (2,453)
Loans on leases received 0
Repayment of loans provided (45)
Purchase of financial assets 0
Sale of financial assets (1,615)
Exchange differences 807
Change in Net Financial Debt 7,732