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Forecasts 2014
\ Management Report
Consolidated balance sheet
(x €1,000)
31.12.2013
31.12.2014
Non-current assets
3,565,180
3,629,605
Goodwill
129,356
129,356
Investment properties
3,338,709
3,395,375
Finance lease receivables
67,449
75,270
Trade receivables and other non-current assets
22,411
22,411
Participations in associated companies and joint ventures
7,255
7,193
Current assets
105,263
100,155
Assets held for sale
8,300
63
Finance lease receivables
1,236
1,236
Cash and cash equivalents
15,969
15,969
Other current assets
79,758
82,887
TOTAL ASSETS
3,670,443
3,729,759
Shareholders’ equity
1,681,462
1,703,554
Shareholders’ equity attributable to shareholders of parent company
1,614,937
1,635,490
Minority interests
66,525
68,064
Liabilities
1,988,980
2,026,205
Non-current liabilities
1,412,904
1,787,404
Non-current financial debts
1,266,665
1,641,165
Other non-current financial liabilities
146,239
146,239
Current liabilities
576,076
238,801
Current financial debts
455,509
114,852
Other current financial liabilities
120,567
123,949
TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES
3,670,443
3,729,759
DEBT RATIO
48.87%
49.05%
Where relevant, the company will comply with the provisions of Article 54 of the Royal Decree of 07.12.2010
1
(also see Note 23, section D).
1
This Article stipulates the obligation to draw up a financial plan accompanied by an execution schedule, detailing the measures taken to prevent the consolidated debt ratio from
exceeding 65% of the consolidated assets. This plan must be submitted to the FSMA.