_456 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 5 FINANCIAL PERFORMANCE Financial statements Note 7. MATURITIES OF LOANS AND RECEIVABLES (in € thousands) Due within one year Due in more than one year Cost Impairment Net NON-CURRENT ASSETS (NOTE 6) Loans and advances to subsidiaries and affiliates (note 20) 221,241 - 221,241 - 221,241 Other loans 1,254,451 615,164 1,869,615 - 1,869,615 CURRENT ASSETS Receivables 1,349,583 - 1,349,583 - 1,349,583 TOTAL AT DECEMBER 31, 2023 2,825,275 615,164 3,440,439 - 3,440,439 Note 8. BONDS 8.1 Convertible bonds (in € thousands) December 31, 2023 December 31, 2022 CONVERTIBLE BONDS (NOTE 11) 2017-2022 convertible bond issue - 2018-2023 convertible bond issue 565,238 TOTAL 565,238 See note 2 – Significant events of the year. (in € thousands) Cost Amortization Net DERIVATIVE INSTRUMENTS (ASSETS) Conversion risk hedges (options) – 2018-2023 bonds 42,905 (42,905) - Currency derivatives 250 250 TOTAL AT DECEMBER 31, 2023 43,155 (42,905) 250 8.2 Ordinary bonds and other borrowings (in € thousands) Annual interest December 31, 2023 December 31, 2022 ORDINARY BONDS AND OTHER BORROWINGS (NOTE 11) 2018-2025 bond issue 0.875% 750,000 750,000 2018-2030 bond issue 1.750% 1,000,000 1,000,000 2018-2038 bond issue 2.500% 750,000 750,000 2015-2027 bond issue 1.750% 300,000 300,000 2015/16-2045 bond issue 3.250% 315,578 316,202 2020-2028 bond issue 0.000% 500,000 500,000 2020-2032 bond issue 0.250% 500,000 500,000 2020-2040 bond issue 0.625% 500,000 500,000 Accrued interest on ordinary bonds and other borrowings 20,381 20,436 Negotiable European Commercial Paper (NEU CP) 250,000 580,000 US Commercial Paper (US CP) 44,992 70,656 TOTAL 4,930,951 5,287,294 The Negotiable European Commercial Paper program totals €2.5 billion, and the US Commercial Paper program amounts to USD 700 million.
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