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4.1 CONSOLIDATED FINANCIAL STATEMENTS AND NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note 10. Financing and financial security, net debt and cost of net debt
DANONE
REGISTRATION DOCUMENT 2015
122
Repayment schedule for financial debt managed at the Company level and put options granted
to non-controlling interests
Projected cash outflows related to the contractual repayment of the principal amount based on the assumption of non-renewal
(in € millions)
0
1,000
2,000
929
800
1,050
1,187
682
500
750 750
807
248
638
974
614
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Projected cash outflows related to the contractual repayment of interest on the financial assets and liabilities managed
at the Company level, including premiums to be paid on derivative financial instruments based on the assumption of non-renewal
(in € millions)
Cash flows
2016
Cash flows
2017
Cash flows
2018
Cash flows
2019
Cash flows
2020 and after
Interest on debt
(a)
(121)
(109)
(95)
(85)
(189)
Flows on derivatives
(a) (b) (c)
5
32
2
2
5
(a) The floating interest rates are calculated on the basis of the rates applicable as of December 31, 2015.
(b) Net contractual flows, including premiums payable, net flows payable or receivable relating to the exercise of options in the money at year-end.
(c) Concerns derivative instruments on net debt, assets and liabilities.
Sources of financing available at any time
The sources of financing available at any time established by the Group are composed mainly of available committed credit facilities and
a syndicated credit facility carried by the Company.
(in € millions)
2015 2016 2017 2018 2019
892
2,000
2,477
2,000
2,293
2,000
1,993
2,000
1,267
0
2,000
4,000
Syndicated credit facility
Committed credit facilities
Bond financing
Commercial paper (
Billets de trésorerie
)
Liabilities related to put options